Lower grain traffic compared to last year’s record crop year hasn’t translated to lower third-quarter grain revenue for Canadian National Railway (CN). Montreal-based CN on Tuesday booked overall net income […] Read more
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More grain revenue on less grain in CN’s Q3 ledger
Tumour surgery to sideline CN chief
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 […] Read more
CWB’s chosen suitor weighs West Coast terminal idea
The new Prairie grain player tapped to take a majority stake in the former Canadian Wheat Board is now considering the possibility of its own port terminal. Bunge Canada and […] Read more
Cost index trimmed for railways’ grain revenue cap
A sharper-than-expected drop in fuel costs has led federal regulators to dial back the index that decides how much money railways get to keep from hauling Prairie grain. The Canadian […] Read more
CN, CP book higher grain revenues in Q1
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 […] Read more
CN grain train derails near Calgary
Reuters — Twenty-four grain cars on a Canadian National Railway (CN) train derailed northeast of Calgary on Friday morning without injury or dangerous goods involved, RCMP said. The derailment on […] Read more
Railways’ mandatory minimum grain handles ending
Canada’s big two railways can resume moving grain at their own pace as the federal government’s order in council setting mandatory minimum grain traffic quotas is set to expire unrenewed. […] Read more
Raitt won’t tell railways where to ship grain for now
Ottawa | Reuters — The Canadian government will not, for now, start telling railways where to ship farmers’ grain but it will decide within days whether to extend its requirements […] Read more
Transport Canada seeks CN safety plan after derailments
Toronto | Reuters — Regulator Transport Canada has issued a notice to Canadian National Railway (CN) requesting a plan to ensure safety along its main line’s Ruel subdivision, where three trains […] Read more
CN says harsh winter one reason for spike in 2014 accidents
Ottawa | Reuters — An unusually harsh winter is one of the reasons Canadian National Railway (CN) suffered a sharp increase in the number of train accidents in 2014, a […] Read more