CP Archives - Page 15 of 20

Cost index for railways’ grain revenue cap gets boost

By Grainews Staff, GFM Network News April 29, 2016

The loonie’s decline since last year has led federal regulators to dial up the index guiding how much money Canada’s big two railways get to keep from hauling Prairie grain. The Canadian Transportation Agency (CTA) announced Friday it will raise its volume-related composite price index (VRCPI) by 4.8 per cent, to 1.3275, for the 2016-17 […] Read more

Crops, Machinery

Ottawa moves to extend expanded rail interswitching

By GFM Network News April 22, 2016

Prairie crop growers hoping that changes in federal rail freight rules will continue past their expiration date are about to get their wish. Transport Minister Marc Garneau and Agriculture Minister Lawrence MacAulay on Friday announced they would bring forward a resolution in Parliament to extend provisions of the previous government’s Bill C-30, the Fair Rail […] Read more

Crops, Machinery

CP pulls more grain for less in first quarter

By Grainews Staff, GFM Network News April 22, 2016

Canadian Pacific Railway (CP) hauled more carloads of Canadian grain in its first quarter of 2016 compared to the same period last year — but for less revenue per car. Calgary-based CP on Wednesday reported overall net income of $540 million on revenues of $1.591 billion for its quarter ending March 31, up from $320 […] Read more

Crops, Machinery, Reuters

CP scraps plans to buy Norfolk Southern

By Reuters, GFM Network News April 11, 2016

Reuters — Canadian Pacific Railway said on Monday it had scrapped efforts to buy Norfolk Southern, almost six months after it launched its unsolicited US$28 billion bid for the fourth-largest U.S. railroad operator. The announcement comes days after the U.S. Justice Department urged the Surface Transportation Board to reject a voting trust arrangement CP had […] Read more

Crops, Machinery, Reuters

U.S. Justice Dept. urges rejection of CP voting trust

By GFM Network News April 9, 2016

Reuters — The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway (CP) has proposed as part of its takeover bid for U.S. railway Norfolk Southern, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer for the Virginia-based company, which […] Read more

Crops, Machinery, Reuters

ADM suing CP over 2013-14 rail service disruptions

By GFM Network News March 23, 2016

Chicago | Reuters –– Archer Daniels Midland has filed a lawsuit against Canadian Pacific Railway over service disruptions in 2013 and 2014 at crop-processing plants in North Dakota and Minnesota, alleging they stemmed partly from cost-cutting and the Canadian railroad’s pursuit of merger partners. Chicago-based ADM, one of the world’s largest grain traders and processors, […] Read more

Crops, Machinery

Farm groups rail against revenue cap proposal

By GFM Network News March 5, 2016

CNS Canada –– A key proposal in the recently released Canada Transportation Act review on Canada’s transport systems is getting thumbs down from several Prairie farm groups. The Agricultural Producers Association of Saskatchewan (APAS) disagrees with the report’s recommendation for a seven-year phase-out of the maximum revenue entitlement (MRE), an annual upper limit on the […] Read more

Crops, Machinery, Reuters

CP mulls litigation over opposition to Norfolk Southern deal

By GFM Network News March 2, 2016

Reuters — Canadian Pacific Railway (CP) said Wednesday it is looking at all legal options in response to what it described as concerted efforts by certain U.S. railroads to block its proposed merger with Norfolk Southern. “It is unfortunate that CP must consider the use of litigation to ensure a level playing field and protect […] Read more

Crops

Paterson to build new central Alta. elevator

By Grainews Staff, GFM Network News February 29, 2016

Winnipeg’s Paterson Grain has lined up property off the QE2 Highway in central Alberta for its next inland grain terminal. The company announced Monday it would start construction “immediately” at a site near Bowden, Alta., about 40 km south of Red Deer, to start taking grain in 2017. The facility, when complete, will have storage […] Read more

Crops, Machinery, Reuters

Transport review urges scrapping railway grain revenue cap

By Rod Nickel, GFM Network News February 25, 2016

Winnipeg | Reuters — Ottawa should phase out over seven years its cap on the amount of revenue railways can earn transporting grain, a study for the Canadian government recommended Thursday, a move long urged by railways and opposed by farmers and grain handlers. A review of Canadian transportation laws, aimed at modernizing the system, […] Read more

GFM Network News

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Tag Archives CP

Cost index for railways’ grain revenue cap gets boost

Ottawa moves to extend expanded rail interswitching

CP pulls more grain for less in first quarter

CP scraps plans to buy Norfolk Southern

U.S. Justice Dept. urges rejection of CP voting trust

ADM suing CP over 2013-14 rail service disruptions

Farm groups rail against revenue cap proposal

CP mulls litigation over opposition to Norfolk Southern deal

Paterson to build new central Alta. elevator

Transport review urges scrapping railway grain revenue cap

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