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

U.S. regulator rejects CN’s voting trust to buy Kansas City Southern

CP rips CN's play as 'illusory and not achievable'

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Reuters — The U.S. rail regulator on Tuesday rejected a voting trust structure that would have allowed Canadian National Railway (CN) to proceed with its US$29 billion proposed acquisition of U.S. peer Kansas City Southern. The decision was a blow to the deal that would create the first direct railway linking Canada, the U.S. and […] Read more
(File photo by Dave Bedard)
Crops, Machinery, Reuters

Canadian Pacific to buy Kansas City Southern in bet on trade

Biggest North American rail deal ever valued at US$25 billion

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Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pickup in trade. It would be the largest ever combination of North American railways by transaction value. It […] Read more
(File photo by Dave Bedard)
Crops, Machinery

Railways overshoot grain revenue limits for 2019-20

Grain revenues run $5.3 million over caps, CTA rules

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Canada’s big two railways have about two more weeks to hand over about $5.6 million in Prairie grain revenue overages and related penalties for the 2019-20 crop year. The Canadian Transportation Agency (CTA) on Dec. 22 ruled Canadian National Railway (CN) and Canadian Pacific Railway (CP) each overshot their maximum revenue entitlements (MREs) for the […] Read more
(CPR.ca)
Crops, Machinery, Markets, Weather

Big Two railways release plans for winter

Snow-clearing equipment among investments at CN, CP

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Canada’s major railways have filed their winter contingency plans, as they are now required by law to do. Since updates to the Canada Transportation Act in 2018, Canada’s major rail companies have been required to publish winter plans and can be forced to pay up if they fail to deliver on certain promises of railcars. […] Read more
A CN freight train remains halted as train tracks are blocked two km away at Tyendinaga, Ont., east of Belleville, on Feb. 14, 2020. (Photo: Reuters/Chris Helgren)
Crops, Reuters

Canada rules out sending police in on rail protests

Superior Propane expects supply shortages soon

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Ottawa | Reuters — Canada’s Liberal government said on Friday it was deeply concerned about protests by aboriginal activists that are blocking some key railway lines but rejected a call to send in the police. Indigenous communities opposed to the construction of a gas pipeline project in British Columbia started interrupting rail traffic last week. […] Read more
Smoke rises from the site of burning railcars at a CP derailment near Guernsey, Sask., on Feb. 6, 2020. (Photo: Reuters/Nayan Sthankiya)
Crops, Machinery, Reuters

Canada to cut speed limits for trains hauling dangerous goods

New curb follows another Saskatchewan crash, fire

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Ottawa/Winnipeg | Reuters — The federal government said Thursday it would impose temporary speed limits on trains hauling dangerous goods after a Canadian Pacific Railway (CP) crude oil train derailed and caught fire. The accident, which happened in the early hours of Thursday near Guernsey, Sask., about 40 km south of Humboldt, was the second […] Read more
Rail lines en route to the Port of Searsport, Maine. (BWFolsom/iStock/Getty Images)
Crops

CP to buy direct line through Quebec, Maine

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Canadian Pacific Railway (CP) is set to buy its way back into Quebec’s Eastern Townships and through to eastern ports with a deal for Central Maine and Quebec Railway (CMQ). Calgary-based CP announced Wednesday it has a deal with CMQ’s owner, Fortress Transportation and Infrastructure Investors (FTAI), to buy the railway’s 774 km of rail […] Read more
(Dave Bedard photo)
Crops

Third-quarter grain handle down for CN, CP

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Canada’s Big Two railways both booked reduced traffic but increased their revenue per carload in their grain handling segments for their third fiscal quarters ending Sept. 30. Canadian National Railway on Tuesday reported third-quarter net income of $1.195 billion on $3.83 billion in total revenues, up from $1.134 billion on $3.688 billion in the year-earlier […] Read more

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