Grain Handling Archives | Canadian Cattlemen

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

CN bid for U.S. railway poses greater risk to competition, DOJ says

Reuters — The U.S. Department of Justice said on Friday that Canadian National Railway’s bid for U.S. railway operator Kansas City Southern appears to pose greater risks to competition than a rival agreement with Canadian Pacific Railway. The development comes as KCS on Thursday accepted CN’s $33.6 billion acquisition offer, upending the $29 billion deal […] Read more

File photo of the Hernando de Soto Bridge as viewed from the Mud Island River Park at Memphis. (Akrassel/iStock/Getty Images)

Crops, Markets, Reuters

Barge backlog starts moving as Mississippi River reopens

Over 1,000 barges waiting to pass

By Tom Polansek, GFM Network News 4 days ago

Chicago | Reuters — The Mississippi River reopened to vessel traffic near Memphis on Friday, the U.S. Coast Guard said, ending a shutdown of part of the waterway that caused a backlog of more than 1,000 barges carrying oil, corn and other goods. The Coast Guard said the river is open to all vessel traffic […] Read more

Crops, Reuters

U.S. barge backup worsens as Mississippi River shut near Memphis

By Tom Polansek, GFM Network News 4 days ago

Chicago | Reuters — A traffic jam on the lower Mississippi River swelled to 771 barges on Thursday as a fractured bridge near Memphis closed the waterway that is crucial for U.S. crop exports. The shutdown fueled concerns about shipping U.S. grain and soy to export markets at a time when global inventories are slim […] Read more

A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)

Crops, Reuters

Kansas City Southern accepts new CN bid over CP’s

CN offers to cover KCS's breakup fee with CP

By greg-roumeliotis, GFM Network News 5 days ago

Reuters — U.S. railway operator Kansas City Southern said Thursday it had accepted Canadian National Railway’s $33.6 billion acquisition offer, upending a $29 billion deal with its competitor Canadian Pacific Railway. The development, first reported by Reuters, gives CP five business days to make a new offer for Kansas City Southern. Were CP to table […] Read more

Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)

Crops, Markets

Ocean freight rates at decade highs

By Phil Franz-Warkentin, GFM Network News May 7, 2021

MarketsFarm — Ocean freight rates have climbed steadily higher over the past year, recovering from the lows hit at the start of the pandemic in early 2020 to see their highest levels in over a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, hit a high of 3,266 points on Wednesday. […] Read more

Crops, Reuters

CP files objection with U.S. regulator over CN’s Kansas City Southern bid

By Reuters, GFM Network News May 3, 2021

Reuters — Canadian Pacific Railway said on Saturday it filed a formal objection with a U.S. regulator, stating Canadian National Railway’s near US$30 billion rival bid for Kansas City Southern does not qualify to be exempted from tougher merger rules. Last week, the U.S. Surface Transportation Board (STB) granted a waiver to CP’s $25 billion […] Read more

File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)

Crops

Back-to-work rule for Montreal dockworkers clears Parliament

Bill granted royal assent Friday night

By Dave Bedard, GFM Network News May 1, 2021

A week-long strike by dockworkers at the Port of Montreal is expected to conclude after federal back-to-work legislation passed Parliament Friday evening. Bill C-29, introduced Tuesday in the House of Commons, cleared third reading in the Commons Wednesday and received three readings in the Senate and royal assent Friday. The port’s longshore workers, represented by […] Read more

Crops, Machinery

Cost index up for CN, down for CP in grain revenue formula

CP expects lower labour costs, CN higher

By Dave Bedard, GFM Network News April 30, 2021

Expected labour costs were the major difference in a new ruling on the index that determines how much revenue each of Canada’s big two railways get to keep in the coming crop year from hauling Prairie grain. The Canadian Transportation Agency (CTA) on Thursday announced its decisions on the volume-related composite price index (VRCPI) for […] Read more

Crops

Feds to legislate end to Montreal port strike

Conservatives expected to support Liberals' back-to-work bill

By Dave Bedard, GFM Network News April 27, 2021

A strike by longshore workers at the Port of Montreal faces federal back-to-work legislation billed Tuesday as the government’s “least desired course of action.” Labour Minister Filomena Tassi on Tuesday announced the introduction of Bill C-29, which “would end the work stoppage at the Port of Montreal and ensure the safe resumption and continuation of […] Read more

(Kansas City Southern video screengrab via YouTube)

Crops, Reuters

Rail shippers pick sides as CP, CN bid for Kansas City Southern

Richardson, Conagra among firms supporting both bids

By Rod Nickel, GFM Network News April 27, 2021

Winnipeg | Reuters — North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas City Southern. A takeout of KCS would be the first major North American railroad combination in more than 20 years and create the first network […] Read more

Last year’s flour output up in most categories

U.S. grains: Corn and soy mixed, wheat down

U.S. livestock: Live cattle futures close to unchanged

GFM Network News

Last year’s flour output up in most categories

U.S. grains: Corn and soy mixed, wheat down

U.S. livestock: Live cattle futures close to unchanged

CN bid for U.S. railway poses greater risk to competition, DOJ says

Barge backlog starts moving as Mississippi River reopens

U.S. barge backup worsens as Mississippi River shut near Memphis

Kansas City Southern accepts new CN bid over CP’s

Ocean freight rates at decade highs

CP files objection with U.S. regulator over CN’s Kansas City Southern bid

Back-to-work rule for Montreal dockworkers clears Parliament

Cost index up for CN, down for CP in grain revenue formula

Feds to legislate end to Montreal port strike

Rail shippers pick sides as CP, CN bid for Kansas City Southern

GFM Podcasts

Canadian consumers bite into beef, (political) times are a-changin’, canola markets sizzle

Special Podcast

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending May 14, 2021.

GFM Network News

GFM Podcasts

Special Podcast

AgCanadaTV

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