An “expected sharp rise” in fuel costs in 2017 compared to 2016 may help raise the cap on how much money Canada’s big two railways can charge to move Prairie […] Read more
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Prairie grain freight cost index to rise with fuel prices
G3 to build two more Saskatchewan elevators
The grain company formerly known as CWB has picked sites and plans to start construction next month on two new grain elevators in Saskatchewan. G3 Canada on Tuesday announced it […] Read more
Viterra plans new eastern Alberta elevator
Glencore’s Prairie grain handling arm Viterra plans to stake a new claim in the northeastern Alberta market with a new high-throughput elevator at Vegreville. The company announced Monday it has […] Read more
Grain handle helps lift CN to record Q4
Traffic in Prairie grain and U.S. soybeans got credit Tuesday for helping Canadian National Railway (CN) to a record profit for its fourth fiscal quarter. Montreal-based CN booked net income […] Read more
CP, CN both top their Prairie grain revenue caps
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 […] Read more
CN feels Prairie harvest delays in Q3 revenues
Weather-related stalls in this fall’s Prairie grain harvest have chipped away at Canadian National Railway’s (CN) third-quarter financials, as the railway booked lower profits and revenues on “shifting traffic demands.” […] Read more
Railways urge Ottawa to loosen grain hauling rules
Winnipeg | Reuters — Canada’s big railways are pressing Ottawa to loosen rules around hauling the country’s crops — changes they say would improve efficiency but that farmers fear would […] Read more
Viterra plans new elevator in eastern Saskatchewan
Glencore’s Prairie grain handling arm Viterra plans to boost its throughput capacity in east-central Saskatchewan with a new elevator at Wadena. Wadena, served by both Canadian National and Canadian Pacific […] Read more
CN promotes CFO as CEO resigns
Canadian National Railway’s (CN) chief financial officer Luc Jobin will become its chief executive on July 1, as incumbent CEO Claude Mongeau steps down for health reasons. Mongeau announced Tuesday […] Read more
Cost index for railways’ grain revenue cap gets boost
The loonie’s decline since last year has led federal regulators to dial up the index guiding how much money Canada’s big two railways get to keep from hauling Prairie grain. […] Read more