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A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)
Crops

U.S. railway’s board sticks with CN’s bid

Kansas City Southern board spurns sweetened CP bid

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The board of directors for a U.S. railway facing takeover bids from each of Canada’s big two railways is sticking with Canadian National Railway’s (CN) proposal. The board for Kansas City Southern (KCS), in a release Aug. 12, said it unanimously agrees an upgraded Aug. 10 cash-and-stock bid from Canadian Pacific Railway (CP) “does not […] Read more
Photo: CP/File
General, Markets

CN, CP railways break grain shipping records 

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MarketsFarm – It was a record-breaking year for both of Canada’s two major freight railways. In separate news releases to the public on August 3, both Canadian National Railway (CN Rail) and Canadian Pacific Railway (CP Rail) reported a record amount of grain moved during the 2020-21 crop year. For the first time ever, both […] Read more
(Mysticenergy/iStock/Getty Images)
General, Machinery

Exemptions, extensions to be granted for rail crossing upgrades

New amendments would exclude low-risk field-to-field crossings

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Some farmer-owned field-to-field grade crossings over Canadian rail lines are now expected to be exempted altogether from looming federal requirements for safety upgrades. Proposed amendments to the Grade Crossings Regulations, announced June 18 by Transport Minister Omar Alghabra, this week cleared their 30-day public comment period. The amendments are expected to tweak rules which were […] Read more
Screenshot of Parrish and Heimbecker’s Quill Lake, Sask. elevator. (ParrishAndHeimbecker.com)
Crops

Rail upgrades planned for P+H elevator

Eastern Saskatchewan elevator's rail spot expanding

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Winnipeg grain firm Parrish and Heimbecker plans to boost throughput at one of its eastern Saskatchewan elevators with upgrades to its rail car loading systems. Privately-held P+H said Thursday it plans to expand to a 100-car spot, up from 50, at its elevator at Quill Lake, Sask., about 60 km east of Humboldt. Work on […] Read more
Charred remnants of a rail bridge destroyed by a wildfire on June 30 are seen during a media tour by authorities in Lytton, B.C. on July 9, 2021. (Photo: Reuters/Jennifer Gauthier)
Crops, Reuters, Weather

Lytton bridge re-opened but grain movement ‘hit and miss’

B.C. wildfires continue to disrupt Prairie grain movement

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Canadian National Railway’s fire-damaged bridge at Lytton, B.C. reopened for traffic Tuesday — but all train movement, including for grain, through British Columbia’s wildfire-ravaged southern Interior, is “hit and miss” and will remain so until the fire risk lessens. “Both (CN and Canadian Pacific Railway) are having troubles because there are so many fires in […] Read more
An undated photo from CN’s media gallery shows a locomotive travelling through the Ashcroft, B.C. area. (CN.ca)
Crops, Machinery, Weather

CN, CP trains ordered to slow down against fire risk

Ministerial order in effect until Oct. 31

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A new federal ministerial order calls for Canada’s big two railways to significantly cut their train speeds in any areas deemed to be at an “extreme” fire risk. “With extreme weather events occurring more severely and frequently in Canada due to climate change, it is important to have an adaptive regulatory system that responds to […] Read more
A sign for Lytton, B.C. on July 1, 2021. (Photo: Reuters/Jennifer Gauthier)
Crops

Feds halt CN, CP trains through B.C. wildfire area for two days

'Extended recovery' expected for westbound grain traffic

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Updated — A federal ministerial order has been issued halting Canadian National and Canadian Pacific rail movement through the Kamloops area of British Columbia for 48 hours from midnight Friday. Transport Minister Omar Alghabra announced the order late Thursday, ahead of an authorized tour Friday by evacuated residents to the largely-destroyed village of Lytton, about […] Read more
Parrish and Heimbecker’s existing grain elevator at Yorkton, Sask. (ParrishandHeimbecker.com)
Crops

P+H to replace eastern Saskatchewan elevator

New facility, loop track to be on line in mid-2022

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Agrifood company Parrish and Heimbecker (P+H) plans to build a new and leaner grain elevator at Yorkton, Sask. to replace its 41-year-old facility there. The privately-held Winnipeg grain firm said Wednesday it has already started work on the new build, which it expects to have ready to receive grain in June next year. The existing […] Read more
A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)
Crops, Reuters

Kansas City Southern sticks with CN as CP won’t raise bid

CN confident of regulatory approval

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Reuters — Kansas City Southern on Friday reiterated that Canadian National Railway’s offer was “superior” after Canadian Pacific Railway refused to raise its bid, moving a step closer to creating the largest-ever merger of North American railways by transaction value. The Canadian rivals have been locked in a takeover battle for the U.S. railroad operator […] Read more
CN locomotives in Winnipeg. (Photo courtesy CN)
Crops, Reuters

CN shareholder urges changes to Kansas City Southern deal

Fund manager also holds stake in CP

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Reuters — Billionaire hedge fund manager Chris Hohn on Tuesday urged Canadian National Railway to abandon its $33.6 billion bid for Kansas City Southern unless the Canadian railway changed its agreement to drop a key feature that could invite more regulatory scrutiny. Hohn’s TCI Fund Management, which has a 2.93 per cent stake in CN, […] Read more

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