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File photo of a CN locomotive. (Dave Bedard photo)
Crops, Machinery

CN service continues as signals staff strike

Talks continue after IBEW-represented employees stopped work Saturday

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Canadian National Railway is reporting “normal” rail operations after its signals and communications workers walked out on strike starting Saturday. Members of the International Brotherhood of Electrical Workers (IBEW), which represents about 750 CN employees across Canada, served the railway with strike notice last Wednesday and started their strike Saturday morning, the company said. IBEW […] Read more
Crews work as Canadian Pacific Railway tracks are suspended above the washed-out Tank Hill underpass of the Trans-Canada Highway after devastating rain storms caused flooding and landslides, northeast of Lytton, B.C. on Nov. 20, 2021. (Photo: B.C. Ministry of Transportation and Infrastructure handout via Reuters)
Crops, Machinery, Markets, Weather

Year-end profits up for CN, CP despite lower grain handles

Railways' ledgers weather drought, B.C. disasters

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Both of Canada’s big two railways were able to improve their overall gross and net in 2021 over 2020 despite a yield-robbing drought and disastrous track and bridge washouts in southern British Columbia. Canadian National Railway (CN) on Tuesday reported 2021 net income of $4.892 billion on $14.477 billion in gross revenue, up from $3.784 […] Read more
Tracy Robinson. (TCEnergy.com)
Crops, Reuters

CN names new CEO, easing tussle with investor

Former CP executive Tracy Robinson returns to rail

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Reuters — Canadian National Railway on Tuesday named industry veteran Tracy Robinson as its new chief executive officer, soothing a months-long tussle with its second-largest shareholder over leadership at the railroad operator. Robinson will replace Jean-Jacques Ruest, who announced his decision to step down from the role in October following investor demands for his exit […] Read more
Photo: CN
Markets

Record amount of grain moved, CN goes over revenue limit

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The Canadian Transportation Agency (CTA) recently ruled that Canadian National Railway exceeded its maximum grain revenue entitlements for the 2020/21 crop year. Meanwhile, the CTA stated that Canadian Pacific was under its entitlement. The CTA’s report stated that CN’s revenue from transporting Western Canadian grain was nearly C$1.045 billion and was C$2.4 million over its […] Read more
(File photo by Dave Bedard)
Crops

CN over, CP well under 2020-21 grain revenue caps

Railways moved record-level volume during year, CTA says

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Coming off a record-level Prairie grain handle, Canadian National Railway’s $1.042 billion in 2020-21 Prairie grain revenue is set to be trimmed by about $2.52 million. The Canadian Transportation Agency on Wednesday released its determination that CN’s 2021-21 Prairie grain revenue of $1,044,909,345 came in $2,399,676 above its maximum revenue entitlement (MRE) for the year. […] Read more
CN locomotives in Winnipeg. (Photo courtesy CN)
Crops, Reuters

Hedge fund TCI seeks delay in CN CEO search

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Reuters — TCI Fund Management said on Thursday Canadian National Railway’s search for a new chief executive officer should be delayed until shareholders at the nation’s top rail operator vote for a new search committee to elect a CEO. The announcement comes days after CN said TCI’s pick and former Union Pacific executive Jim Vena […] Read more
Crews work as Canadian Pacific Railway tracks are suspended above the washed-out Tank Hill underpass of the Trans-Canada Highway after devastating rain storms caused flooding and landslides, northeast of Lytton, B.C. on Nov. 20, 2021. (Photo: B.C. Ministry of Transportation and Infrastructure handout via Reuters)
Crops, Machinery, Weather

Grain movement to Vancouver picking up

Railways seen recovering from B.C. damages faster than many had expected

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Western grain movement to the Port of Vancouver was at 60 per cent of normal as of Dec. 15 and is expected to continually improve, Mark Hemmes, Canada’s grain monitor and president of Quorum Corp. said in an interview Wednesday. “I think by next week it’s going to look a lot better,” he said. “Is […] Read more
File photo of a CN locomotive in Winnipeg. (Dave Bedard photo)
Crops, Weather

CN again reopens Kamloops-Vancouver corridor

'Quite a bit' of traffic shifted to Prince Rupert

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MarketsFarm — After recent heavy rains forced Canadian National Railway to close its Kamloops-to-Vancouver corridor for a second time, the railway reopened its critical line to Canada’s busiest port on Sunday. CN spokesperson Jonathan Abecassis said the corridor was initially closed a second time during the most recent spell of heavy rains in southwestern British […] Read more
Prince Rupert Grain Terminal. (Rupertport.com)
Crops, Reuters, Weather

CN rerouting trains, aims to re-open line to Vancouver on weekend

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Reuters — Canadian National Railway (CN) said Wednesday it was aiming to reopen its track in the crucial Kamloops-to-Vancouver corridor in flood-hit British Columbia this weekend. The Pacific province, trying to rebuild after devastating floods in November, received more rain over the weekend and this week. CN operates one of the two critical rail lines […] Read more

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