CP Archives - Page 13 of 20

Gull Lake Grain Corp.’s elevator is now the property of U.S. startup Pipeline Foods. (GullLakeSK.ca)

U.S. organic grain firm buys Saskatchewan elevators

By Grainews Staff, GFM Network News September 20, 2017

A Minneapolis-based startup focused on non-GMO and organic grains has bought itself elevator space to source those crops out of southern Saskatchewan. Pipeline Foods on Wednesday announced it has bought small elevators at Wapella, about 130 km south of Yorkton, and at Gull Lake, about 50 km southwest of Swift Current, for an undisclosed sum. […] Read more

Crops, Machinery, Reuters

CSX tackling service issues, CEO tells rail regulator

By GFM Network News August 29, 2017

Detroit | Reuters — CSX Corp. said it is dealing with service issues even as it forges ahead with a controversial overhaul of its network that has led dozens of trade groups to call for an investigation into disruptions at the No. 3 U.S. railroad. In a letter released by the regulator on Monday, CSX […] Read more

Crops, Machinery

New record set for Prairie grain throughput in 2016-17

By Allan Dawson, GFM Network News August 22, 2017

Western Canada’s grain industry moved a record volume of grain in the 2016-17 crop year that ended July 31 and is gearing up to ship this year’s crop, expected to be the smallest in four years. Export terminals at Vancouver, Prince Rupert and Thunder Bay put through 35.945 million tonnes of grain last crop year, […] Read more

Crops, Machinery

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, Machinery

Grain revenue, grain handle higher in CP’s Q1

By Grainews Staff, GFM Network News April 20, 2017

Increased grain and potash traffic and revenue helped Canadian Pacific Railway book a shift to “positive volumes” in its first-quarter ledger. Calgary-based CP on Wednesday reported net income of $431 million on revenues of $1.603 billion for its quarter ending March 31, down from $540 million on $1.591 billion in the year-earlier period. “We turned […] 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

Canola, Cereals, News

Grain transportation mostly smooth in January

CN hopper car demand up, while CP car demand down from previous year

By Lisa Guenther February 6, 2017

Grain movement has been relatively smooth for much of January, according to the latest numbers from the Ag Transport Coalition. Canadian National (CN) has supplied over 90 per cent of hopper cars order between January 8th and 21st, according the Coalition’s reports for grain weeks 24 and 25. Canadian Pacific (CP) filled 73 per cent […] Read more

Crops

Fire guts Saskatchewan town’s last elevator

By Lisa Guenther, GFM Network News February 1, 2017

Residents of Prelate, Sask. had a rude awakening Tuesday as the village’s last grain elevator, owned by Paterson Grain, was engulfed in flames. Calls to 9-1-1 started coming in at 5:48 a.m. Tuesday, according to Jason Gizen, a local volunteer firefighter and pedigreed seed grower. Gizen lives in the house closest to the elevator and […] Read more

Crops, Reuters

Activist investor activity reignites rail merger hopes

By GFM Network News January 20, 2017

Reuters — Shares of railway operator CSX Corp. soared 20 per cent on Thursday after an activist investor’s plan to shake up the U.S. rail operator fueled speculation that the company was once again a takeover target. Investors rushed to bid up shares of CSX after news reports that former Pershing Square partner Paul Hilal […] Read more

Crops, Machinery

CP’s revenue, Prairie grain handle down for year

By Grainews Staff, GFM Network News January 19, 2017

A reduced Prairie grain handle has taken a bite out of the year-end gross for Canadian Pacific Railway in what’s turned out to be CEO Hunter Harrison’s last year on the job. Calgary-based CP on Wednesday announced full-year net income of $1.599 billion on $6.232 billion in gross revenues, up from $1.352 billion on $6.552 […] Read more

U.S. livestock: Cattle futures climb higher to end week

Draft ‘MAHA’ commission report avoids pesticide crackdown feared by farm groups

U.S. grains: Corn, soybeans rise on short-covering ahead of weekend, crop tour

GFM Network News

U.S. livestock: Cattle futures climb higher to end week

Draft ‘MAHA’ commission report avoids pesticide crackdown feared by farm groups

U.S. grains: Corn, soybeans rise on short-covering ahead of weekend, crop tour

Tag Archives CP

U.S. organic grain firm buys Saskatchewan elevators

CSX tackling service issues, CEO tells rail regulator

New record set for Prairie grain throughput in 2016-17

Prairie grain freight cost index to rise with fuel prices

Grain revenue, grain handle higher in CP’s Q1

Too many grain cars left out in the cold?

Grain transportation mostly smooth in January

Fire guts Saskatchewan town’s last elevator

Activist investor activity reignites rail merger hopes

CP’s revenue, Prairie grain handle down for year

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