CP, CSX no longer talking merger — October 20, 2014

Canadian Pacific Railway (CP) has shut down last week’s media buzz about any possibility of a merger with the third biggest railway in the U.S. The Wall Street Journal and other media recently reported Calgary-based CP and Jacksonville-based CSX had held “exploratory talks” about combining their operations. [Related story] CP on Monday confirmed it had […]

U.S. senator raises concerns over potential CP, CSX deal — October 17, 2014

Chicago | Reuters — The head of a U.S. Senate subcommittee raised concerns in a letter Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway and CSX Corp., and called on them both to fully review the antitrust implications of any such […]

Shortlines shortchanged in Western Canada — October 17, 2014

CNS Canada – Western Canada’s shortline railways are getting the short end of the stick as they struggle to meet their own commitments moving grain and other products along their tracks. A backlog of grain on the Prairies over the past winter, linked in part to poor rail movement, prompted the federal government to implement […]

As clock winds down, CP’s CEO hunts for his dream deal — October 17, 2014

Toronto/Chicago | Reuters – Veteran railroad boss Hunter Harrison has won over many critics since taking over as chief executive of Canadian Pacific Railway (CP), but he still has unfinished business — creation of a consolidated North American railway — and is running out of time to do it. That might explain why CP, Canada’s […]

Salford buys U.S. spreader manufacturer — October 12, 2014

Ontario seeding, tillage and application equipment maker Salford Group is taking a share of the spreader market by buying U.S. manufacturer BBI Spreaders. Salford announced last week it had closed a deal effective Oct. 2 to buy the company, based at Cornelia, Georgia, about 70 km north of Athens. Financial terms of the deal weren’t […]

Quebec police bust alleged veg-oil theft ring — October 11, 2014

Seven people in Montreal and Laval were arrested Thursday morning and more arrests are expected, linked to what provincial and local police allege has beenĀ a major theft ring for used cooking oil. The Surete du Quebec’s Montreal division and the Service de police de Laval said Thursday the seven are alleged to have formed a […]

Chance remains for Que. beef plant before asset sale — October 10, 2014

The equipment at Quebec’s now-shuttered Levinoff-Colbex cull cow packing plant goes to auction in about eight weeks — but until then, its owners will entertain offers from buyers interested in rescuing the plant. The Colbex building and land at St-Cyrille-de-Wendover, in the Centre-du-Quebec region, are still owned by provincial investment financing agency Investissement Quebec and […]

EU raids ethanol companies over price-fixing concerns — October 9, 2014

Brussels | Reuters — The European Commission has raided ethanol companies in two EU countries as part of investigations into alleged price-fixing. The Commission, which acts as the competition watchdog in the 28-member European Union, said Thursday it had concerns that companies may have colluded in submitting price information used to set industry benchmarks for […]

All major U.S. railroads must report service stats — October 9, 2014

Reuters — The top U.S. rail regulator ruled on Wednesday that all Class 1 railroads operating in the United States must provide detailed weekly freight service reports, a decision that cited months of congestion that have hit the grain and power industries particularly hard. Carriers must submit detailed data on average train speeds, dwell times […]

CN service resumes after fiery Sask. derailment — October 8, 2014

Toronto | Reuters — Canadian National Railway (CN) resumed service on a line in east-central Saskatchewan Wednesday after workers removed debris from a fiery train derailment that occurred a day earlier and led to evacuation of a nearby village. Twenty-six cars derailed near Clair, Sask., about 75 km east of Humboldt, on Tuesday. Six of […]