CN Archives - Page 22 of 25

Cereals North America: Communication key to improved grain transportation

By GFM Network News November 5, 2015

Winnipeg | CNS Canada –– Canada’s grain transportation system is running relatively smoothly for the time being, but there is still plenty of room for improvement — and better communication between participants is seen as a way to alleviate future bottlenecks. The 2013-14 crop year, with its logistical challenges and, eventually, federal government intervention, are […] Read more

Crops, Machinery, Markets

More grain revenue on less grain in CN’s Q3 ledger

By Grainews Staff, GFM Network News October 29, 2015

Lower grain traffic compared to last year’s record crop year hasn’t translated to lower third-quarter grain revenue for Canadian National Railway (CN). Montreal-based CN on Tuesday booked overall net income of $1.007 billion on $3.222 billion in gross revenue for its third quarter (Q3) ending Sept. 30, up from $853 million on $3.118 billion in […] Read more

Crops, Machinery

Tumour surgery to sideline CN chief

By Grainews Staff, GFM Network News August 13, 2015

The CEO of Canada’s biggest rail network expects to be off work until late fall for surgery and radiation treatments on a precancerous tumour. Canadian National Railway’s (CN) chief executive Claude Mongeau said Wednesday he expects to have surgery either near the end of this month or early in September, to remove a rare type […] Read more

Western Stevedoring’s Lynnterm Terminal, shown here, is now the subject of a feasibility study as the possible site of a new export terminal for Prairie grain. (Colin Jewell photo courtesy Port Metro Vancouver)

Crops, Markets

CWB’s chosen suitor weighs West Coast terminal idea

By Grainews Staff, GFM Network News June 2, 2015

The new Prairie grain player tapped to take a majority stake in the former Canadian Wheat Board is now considering the possibility of its own port terminal. Bunge Canada and Saudi-owned crown corporation SALIC Canada, in their joint venture G3 Global Holdings, have agreed to a separate joint venture with West Coast port logistics firm […] Read more

Crops, Machinery

Cost index trimmed for railways’ grain revenue cap

By Grainews Staff, GFM Network News April 30, 2015

A sharper-than-expected drop in fuel costs has led federal regulators to dial back the index that decides how much money railways get to keep from hauling Prairie grain. The Canadian Transportation Agency on announced Thursday it will cut its volume-related composite price index (VRCPI) by 5.6 per cent, to 1.2517, for the 2015-16 crop year. […] Read more

Crops, Machinery, Markets, Weather

CN, CP book higher grain revenues in Q1

By Grainews Staff, GFM Network News April 22, 2015

A bump in gross revenue from grain handling helped to improve first-quarter results for both of Canada’s big two railways. Canadian National Railway (CN) on Monday reported overall net income of $704 million on $3.098 billion in revenue for the quarter ending March 31, up from $623 million on $2.693 billion in the year-earlier period. […] Read more

Crops, Machinery, Reuters

CN grain train derails near Calgary

By Reuters, GFM Network News April 10, 2015

Reuters — Twenty-four grain cars on a Canadian National Railway (CN) train derailed northeast of Calgary on Friday morning without injury or dangerous goods involved, RCMP said. The derailment on the 104-car train took place near the village of Kathyrn and Highway 9, at 10 a.m. MT, RCMP from nearby Beiseker said in a release, […] Read more

Transport Minister Lisa Raitt and Agriculture Minister Gerry Ritz, shown here in Winnipeg last March, won’t be extending mandatory minimum grain handles, which end Saturday. (Dave Bedard photo)

Crops, Machinery, Markets

Railways’ mandatory minimum grain handles ending

By Grainews Staff, GFM Network News March 28, 2015

Canada’s big two railways can resume moving grain at their own pace as the federal government’s order in council setting mandatory minimum grain traffic quotas is set to expire unrenewed. Agriculture Minister Gerry Ritz and Transport Minister Lisa Raitt announced the federal government won’t renew the mandatory minimums, which are due to expire Saturday. The […] Read more

Transport Minister Lisa Raitt, shown here last month at Carleton University, says she doesn’t yet plan to mandate minimum grain traffic levels in specific rail corridors. (TC,gc.ca)

Crops, Machinery, Markets, Reuters

Raitt won’t tell railways where to ship grain for now

By GFM Network News March 25, 2015

Ottawa | Reuters — The Canadian government will not, for now, start telling railways where to ship farmers’ grain but it will decide within days whether to extend its requirements on how much grain they must haul, Transport Minister Lisa Raitt said Wednesday. In an interview in her parliamentary office, Raitt said farmers and shippers […] Read more

Crops, Machinery, Reuters

Transport Canada seeks CN safety plan after derailments

By Reuters, GFM Network News March 25, 2015

Toronto | Reuters — Regulator Transport Canada has issued a notice to Canadian National Railway (CN) requesting a plan to ensure safety along its main line’s Ruel subdivision, where three trains derailed in fewer than 30 days in February and March, the railway said Wednesday. The notice, given on March 12 but not previously reported, was […] 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

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