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(File photo by Dave Bedard)
Crops, Reuters

CP CEO rules out raising Kansas City Southern bid

CP's first-quarter profit climbs

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Reuters — Canadian Pacific Railway CEO Keith Creel said Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern, saying bigger rival Canadian National’s offer is “not a real deal.” The two bidding companies are locking horns to take control of a vast network of railways across North America, with CN […] Read more
A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops, Reuters

CN challenges CP with Kansas City Southern bid

KCS shareholder warns U.S. regulator 'doesn't like overlap'

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Reuters — Canadian National Railway said on Tuesday it had offered to buy Kansas City Southern railroad for about US$33.7 billion, sending shares of the U.S. rail company soaring as investors anticipated a bidding war with Canadian Pacific Railway. CP had agreed a deal to acquire Kansas City Southern for about $25 billion last month […] 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
WGEA executive director Wade Sobkowich. (Manitoba Co-operator photo by Allan Dawson)
Crops, Markets, Weather

Railways to blame for terminal shortages, WGEA says

Grain handlers take issue with MarketsFarm report

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MarketsFarm — The association representing the Prairies’ main grain handling companies says recent delays in loading vessels have less to do with the availability of grain and more to do with the railways hauling it to port. The Western Grain Elevator Association (WGEA), which represents major handlers such as Viterra, Richardson, Cargill and others, raised […] Read more
File photo of the Prince Rupert Grain Terminal. (Dan_prat/iStock/Getty Images)
Crops, Markets, Weather

Grain shortage, cold snap cause delays at West Coast ports

'...the vessels continue to arrive'

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MarketsFarm — Grain movement in Western Canada remains faced with significant difficulties, according to Mark Hemmes, president of Quorum Corp., which monitors rail traffic and vessel movements in Canada. February’s cold snap resulted in grain movement across the region falling below its three-year average. The most pressing issue has been a shortage of grain to […] Read more
(Dave Bedard photo)
Crops

Federal work/rest rules to be updated for railway workers

More clarifications coming, Teamsters say

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A perennial sticking point in work stoppages and labour disputes at Canada’s two major railways is expected to be at least somewhat addressed within the next two and a half years. Federal Transport Minister Marc Garneau on Nov. 25 announced what’s billed as the first updates to the Duty/Rest Rules for Railway Operating Employees since […] 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
File photo outside Viterra’s downtown Regina office building. (Glacier FarmMedia photo by Dave Bedard)
Crops

Viterra to replace western Saskatchewan elevator

Grain firm going bigger at Biggar

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Grain firm Viterra’s asset investment plan has moved onto Biggar things. Regina-based Viterra announced Monday it’s starting construction “immediately” on a new “state of the art” elevator about two km northeast of its current elevator at Biggar, Sask., about 90 km west of Saskatoon. The new concrete facility will have storage capacity of 34,000 tonnes […] Read more

Canadian Cattlemen Presents: Depth of Field

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