Move western grain, ASAP. That’s the blunt and urgent message Keystone Agricultural Producers (KAP) president Dan Mazier told an emergency meeting of the House of Commons’ agriculture committee Monday in Ottawa. The 2013-14 grain shipping backlog cost Western farmers around $6.5 billion and the current one will cost billions again, Mazier said. The first step […] Read more
Tag Archives cn — page 17
Get grain moving again, KAP says
CN apologizes as farm groups, Ottawa press on rail service
Canada’s largest railway has taken the unusual step of apologizing for its pace of grain delivery in recent weeks and pledging “immediate steps” to improve its grain handle. After parting ways with its CEO Luc Jobin on Monday, Canadian National Railway (CN), through interim CEO Jean-Jacques Ruest, said Wednesday it “apologize(s) for not meeting the […] Read more
CN CEO Luc Jobin steps down abruptly
Reuters — Canadian National Railway (CN) CEO Luc Jobin stepped down abruptly on Monday, as the board looks to “energize” the railroad’s leadership amid a major supply crunch that has hurt profits and angered customers. “The board believes the company needs a leader who will energize the team, realize CN’s corporate vision and take the […] Read more
Farmers seek ‘urgent’ action from Senate on rail service
Groups representing Canadian grain growers touched down in Ottawa Thursday to urge quick passage of legislation to avoid a sequel to the grain handling logjam of 2013-14. Representatives from the Canadian Federation of Agriculture, Grain Growers of Canada, Keystone Agricultural Producers, Agricultural Producers Association of Saskatchewan, Alberta Federation of Agriculture and B.C. Agriculture Council went […] Read more
Tepid rail service cripples farmer deliveries on Prairies
CNS Canada — Prairie farmers are struggling to generate cash flow for their operations due to the lack of rail cars that are available to pick up their grain. “Spring is coming up, farmers need cash flow and we don’t get cash flow if your grain is sitting in a bin waiting for a train […] Read more
CN’s Q4 grain handle down in ‘challenging conditions’
U.S. income tax reform more than offset “challenging” conditions, including reduced grain handle, in Canadian National Railway’s fourth fiscal quarter. Montreal-based CN on Tuesday reported net income of $2.611 billion on total revenues of $3.285 billion for its fourth quarter ending Dec. 31, up from $1.018 billion on $3.217 billion in the year-earlier Q4. The […] Read more
Prairie grain movement not perfect, but not in crisis
CNS Canada — Canadian grain exports are moving out of the country at a similar pace as they were a year ago, but there are still some challenges along the logistical chain. “Right now we’re looking at the second largest supply of grain that we’ve ever had to move,” said Mark Hemmes, president of Quorum […] Read more
Cargill to expand western Manitoba elevator
Agrifood firm Cargill expects to provide more marketing opportunities for western Manitoba growers — particularly of soybeans — with a major elevator expansion. The U.S. company’s Winnipeg-based Canadian arm on Thursday announced it will put up $15 million to add 9,000 tonnes of storage capacity to its 13,500-tonne capacity elevator at Oakner, Man., about 70 […] Read more
CN, CP roll over revenue caps for 2016-17
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
Railway CEO Hunter Harrison, 73
New York | Reuters –– CSX Corp. CEO Hunter Harrison has died, the U.S. freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive it hired earlier this year to boost its profits had taken a medical leave of absence. Harrison, 73, died “due to unexpectedly severe complications […] Read more
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