CN Archives - Page 20 of 25

Prairie grain freight cost index to rise with fuel prices

By Grainews Staff, GFM Network News April 28, 2017

An “expected sharp rise” in fuel costs in 2017 compared to 2016 may help raise the cap on how much money Canada’s big two railways can charge to move Prairie grain in 2017-18. The Canadian Transportation Agency — the tribunal which, among its other duties, sets the annual maximum revenue entitlements (MREs) on Prairie grain […] Read more

Crops

G3 to build two more Saskatchewan elevators

By Grainews Staff, GFM Network News March 28, 2017

The grain company formerly known as CWB has picked sites and plans to start construction next month on two new grain elevators in Saskatchewan. G3 Canada on Tuesday announced it will build primary elevators about five km north of Melville on Highway 10 and seven km west of Saskatoon on Highway 14, to be ready […] Read more

Walter Moebis took this photo of parked empty grain cars near Rycroft, Alta., on Jan. 19.

Cereals, News

Too many grain cars left out in the cold?

Ag Transport Coalition reports CP rail car performance drops

By Lisa Guenther February 22, 2017

Walter Moebis came across a strange sight while visiting family near Rycroft, Alta., in mid-January. A line of Canadian National (CN) hopper cars, which he estimated to be four to five miles long, sat on the tracks west of Rycroft. Moebis’ father-in-law said the cars had been there a week or so earlier. When Walter […] Read more

Vegreville’s giant pysanka is a well known landmark in eastern Alberta. (Vegreville.com)

Crops

Viterra plans new eastern Alberta elevator

By Grainews Staff, GFM Network News February 14, 2017

Glencore’s Prairie grain handling arm Viterra plans to stake a new claim in the northeastern Alberta market with a new high-throughput elevator at Vegreville. The company announced Monday it has picked up the necessary regulatory approvals and expects to start construction along Canadian National Railway (CN) track this spring. The elevator is expected to have […] Read more

Crops, Machinery

Grain handle helps lift CN to record Q4

By Grainews Staff, GFM Network News January 25, 2017

Traffic in Prairie grain and U.S. soybeans got credit Tuesday for helping Canadian National Railway (CN) to a record profit for its fourth fiscal quarter. Montreal-based CN booked net income of $1.018 billion on revenue of $3.217 billion for the quarter ending Dec. 31, up from $941 million on $3.166 billion in the year-earlier period. […] Read more

Crops, Machinery

CP, CN both top their Prairie grain revenue caps

By Grainews Staff, GFM Network News January 3, 2017

The Western Grains Research Foundation (WGRF) can soon expect a late gift of over $4.4 million in surplus Prairie grain freight revenue, according to a new ruling from the Canadian Transportation Agency. The agency said Dec. 22 it has determined Canadian Pacific Railway (CP) and Canadian National Railway (CN) went over their maximum revenue entitlements […] Read more

Crops, Machinery

CN feels Prairie harvest delays in Q3 revenues

By Grainews Staff, GFM Network News October 25, 2016

Weather-related stalls in this fall’s Prairie grain harvest have chipped away at Canadian National Railway’s (CN) third-quarter financials, as the railway booked lower profits and revenues on “shifting traffic demands.” Montreal-based CN on Tuesday reported overall net income of $972 million on $3.014 billion in revenue for the quarter ending Sept. 30, down from $1.007 […] Read more

Crops, Reuters

Railways urge Ottawa to loosen grain hauling rules

By Rod Nickel, GFM Network News October 14, 2016

Winnipeg | Reuters — Canada’s big railways are pressing Ottawa to loosen rules around hauling the country’s crops — changes they say would improve efficiency but that farmers fear would weaken their bargaining power. A February report recommended that Ottawa institutes transportation system changes, including phasing out a 16-year-old cap on revenue that Canadian National […] Read more

Crops

Viterra plans new elevator in eastern Saskatchewan

By Grainews Staff, GFM Network News September 17, 2016

Glencore’s Prairie grain handling arm Viterra plans to boost its throughput capacity in east-central Saskatchewan with a new elevator at Wadena. Wadena, served by both Canadian National and Canadian Pacific Railways (CN, CP), already has a smaller Viterra elevator on each line. The two former Saskatchewan Wheat Pool elevators have capacity for 5,020 and 4,000 […] Read more

Crops, Machinery

CN promotes CFO as CEO resigns

By Grainews Staff, GFM Network News June 7, 2016

Canadian National Railway’s (CN) chief financial officer Luc Jobin will become its chief executive on July 1, as incumbent CEO Claude Mongeau steps down for health reasons. Mongeau announced Tuesday he will resign as CN’s CEO at the end of June, after leading the railway company for six and a half years. “I was filled […] Read more

GFM Network News

U.S. livestock: CME cattle tick lower in thin pre-holiday trade

U.S. grains: Wheat extends gains on short covering, war risk

Prairie forecast: Plenty more chances for snow over Holidays

Tag Archives CN

Prairie grain freight cost index to rise with fuel prices

G3 to build two more Saskatchewan elevators

Too many grain cars left out in the cold?

Viterra plans new eastern Alberta elevator

Grain handle helps lift CN to record Q4

CP, CN both top their Prairie grain revenue caps

CN feels Prairie harvest delays in Q3 revenues

Railways urge Ottawa to loosen grain hauling rules

Viterra plans new elevator in eastern Saskatchewan

CN promotes CFO as CEO resigns

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