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Tag Archives canadian national — page 3

CN trains in Vancouver. (CN.ca)
Crops, Machinery

CN, CP roll over revenue caps for 2016-17

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Canada’s big two railways have both overshot the maximum revenue they’re allowed to keep for ferrying the 2016-17 grain crop off the Prairies. The Canadian Transportation Agency on Thursday issued its annual determination of how much, if any, revenue Canadian National Railway (CN) and Canadian Pacific Railway (CP) made over their maximum grain revenue entitlements […] Read more
(CN.ca)
Crops, Machinery

CN conductors ratify labour deal

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An 11th-hour labour deal that averted a strike in late May by conductors and yard crews for Canadian National Railway has been ratified. Members of the Teamsters Canada Rail Conference’s Conductors, Trainpersons and Yardpersons union (TCRC-CTY) have voted in favour of a three-year agreement retroactive to July 23, 2016, CN said Tuesday. The deal “provides […] Read more
(Dave Bedard photo)
Crops, Machinery

CP, CN both top their Prairie grain revenue caps

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The Western Grains Research Foundation (WGRF) can soon expect a late gift of over $4.4 million in surplus Prairie grain freight revenue, according to a new ruling from the Canadian Transportation Agency. The agency said Dec. 22 it has determined Canadian Pacific Railway (CP) and Canadian National Railway (CN) went over their maximum revenue entitlements […] Read more
(Photo courtesy CN)
Crops

CN books lower first-quarter grain handle

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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 million on total revenues of $2.964 billion for the quarter ending March 31, up from $704 million on $3.098 billion in the year-earlier Q1. The […] Read more
(CN.ca)
Crops, Machinery

CN to challenge latest grain revenue penalty

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Ordered to hand over more than $7 million in Prairie grain handling revenue and related fines for the 2014-15 crop year, Canadian National Railway now plans to challenge the bill in court. Montreal-based CN on Monday filed in the Federal Court of Appeal, seeking leave to appeal the Canadian Transportation Agency’s (CTA) Dec. 29 finding […] Read more
(CPR.ca)
Crops, Machinery

CN, CP both over revenue limits for 2014-15 grain haul

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Canada’s big two railways will both be required to hand over seven figures in Prairie grain revenue from the 2014-15 crop year after taking in more than their federally-allowed maximums. The Canadian Transportation Agency on Tuesday ruled Canadian National Railway and Canadian Pacific Railway (CN, CP) exceeded their grain revenue entitlements for the crop year […] Read more
Claude Mongeau. (CN.ca)
Crops, Machinery

Tumour surgery to sideline CN chief

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The CEO of Canada’s biggest rail network expects to be off work until late fall for surgery and radiation treatments on a precancerous tumour. Canadian National Railway’s (CN) chief executive Claude Mongeau said Wednesday he expects to have surgery either near the end of this month or early in September, to remove a rare type […] Read more
(Dave Bedard photo)
Crops, Machinery, Markets

CN, CP book higher grain revenues in Q1

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A bump in gross revenue from grain handling helped to improve first-quarter results for both of Canada’s big two railways. Canadian National Railway (CN) on Monday reported overall net income of $704 million on $3.098 billion in revenue for the quarter ending March 31, up from $623 million on $2.693 billion in the year-earlier period. […] Read more

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