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Crops, Machinery

Railways book higher grain freight revenue for Q1

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Canada’s big two railways reported somewhat higher revenue from handling grain during their fiscal quarter ending March 31, despite both companies reporting winter weather woes. Canadian Pacific Railway (CP) on April 23 reported grain segment revenue of $380 million for the quarter, up six per cent from the year-earlier period, on about 92,800 grain carloads, […] Read more
Crops, Machinery

Prairie grain freight cost index adjusted upward

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Corrected, May 6, 2019 — Canada’s big two railways can expect a small raise in the amount of revenue they get to keep from hauling Prairie grain in the coming crop year. The Canadian Transportation Agency (CTA) on Tuesday announced it will set the volume-related composite price index (VRCPI) at 1.4371 for Canadian National Railway […] Read more
Crops, Machinery

Railways to appeal federal order on train braking

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A ministerial order requiring railways to apply handbrakes on trains stopped on mountain grades is the subject of an appeal by Canada’s big two railways. Canadian Pacific Railway (CP) said Friday it will appeal the Feb. 8 order, which federal Transport Minister Marc Garneau issued following the Feb. 4 fatal crash of a grain train […] Read more
Crops, Machinery

CP mainline through Rockies reopened after crash

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Canadian Pacific Railway’s mainline through the Rocky Mountains has reopened to traffic following a grain train derailment that killed three railroaders Monday. Calgary-based CP announced late Friday its mainline through Field, B.C. was reopened at midday Wednesday “in close collaboration with Transport Canada, and upon completion of all necessary safety checks.” Meanwhile, CP said Friday, […] Read more
Crops, Machinery, Reuters, Weather

Three crew die in CP grain train derailment

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Toronto | Reuters — Three crew members died on Monday when a Canadian Pacific Railway grain train derailed in British Columbia, a Transportation Safety Board (TSB) spokesman said. The accident occurred when a train carrying 40 to 60 grain hopper cars derailed near Field, B.C., the TSB spokesman said. TSB is investigating the cause of […] Read more
Crops, Machinery

CP books higher Q4 grain revenue on reduced handle

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Increased revenue from grain handling — albeit on a slightly lower overall grain handle — helped Canadian Pacific Railway improve its fourth-quarter and year-end gross for 2018. Calgary-based CP on Jan. 23 reported overall net income of $545 million on $2.006 billion in revenues for its fourth quarter ending Dec. 31, down from $984 million […] Read more
Crops, Reuters

Rail now moving fluidly through Vancouver, CN says

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Winnipeg | Reuters — Congestion at Port Metro Vancouver, Canada’s busiest port, has been resolved and rail operations are now “fluid,” Canadian National Railway said Friday. Canadian National and rival Canadian Pacific Railway were rationing space on trains travelling in the Vancouver area and prioritized some commodities over others to deal with congestion, causing complaints […] Read more
Crops, Machinery, Reuters

Railways ration space as commodity congestion problems worsen

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Winnipeg | Reuters — Canada’s two major railways are rationing space on trains traveling to the country’s biggest port and recently prioritized some commodities over others to deal with congestion, the latest indication of their struggle to meet demand from new trade deals. That move prompted Canada’s transport regulator last week to start an investigation […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending June 14, 2019.

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