Higher revenue per carload offset reduced grain and fertilizer traffic for Canadian National Railway (CN) in its first fiscal quarter. Montreal-based CN on Monday reported overall net income of $792 […] Read more
Flax
CN books lower first-quarter grain handle
Ottawa moves to extend expanded rail interswitching
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 […] Read more
CP pulls more grain for less in first quarter
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. […] Read more
Flax expected to lose a third of acres
CNS Canada — Canada’s flax acres are expected to fall about a third from last year’s levels, according to Statistics Canada data. One market participant says weaker prices have influenced farmers, […] Read more
Doomsday Vault keepers move to lock up more funding
Oslo | Reuters — The Crop Trust, which runs a so-called doomsday seed vault in the Arctic, secured a doubling of its core funds on Friday and urged the private […] Read more
Post-CWB review flags grain trade ‘inefficiency’
WITHDRAWN, April 15, 2016: A historian’s review of the Prairie grain trade, commissioned by supporters of the former single marketing desk for wheat and barley, suggests history is repeating itself […] Read more
Prairie farmers look to increase tech use, but face obstacles
CNS Canada — As spring approaches, some producers are searching for new technology to integrate into their operations — while others have opted out of the ag tech sector, whether […] Read more
CP scraps plans to buy Norfolk Southern
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 […] Read more
U.S. Justice Dept. urges rejection of CP voting trust
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. […] Read more
Monsanto cools on large-scale M+A outlook
Chicago | Reuters –– Monsanto on Wednesday effectively pulled itself out of the mergers-and-acquisitions flurry in the seeds and agrochemicals industry, nearly a year after making a bid for rival […] Read more