The U.S. Soy Transportation Coalition (STC) says it’s pleased with recent improvements to rail service, and is giving especially high marks to Canadian Pacific Railway (CP). Last week, the STC and the University of Minnesota concluded the research project “2014 Harvest: Attaching a Garden Hose to a Fire Hydrant,” which was started due to U.S. […] Read more
Tag Archives cp — page 17
U.S. soy shippers say rail service improved
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 Transportation Agency on announced Thursday it will cut its volume-related composite price index (VRCPI) by 5.6 per cent, to 1.2517, for the 2015-16 crop year. […] Read more
Arbitrator named for CP talks with running trades
The federal government has named its arbitrator to settle a new contract between Canadian Pacific Railway (CP) and its conductors, engineers, trainmen and yardmen. Labour Minister Kellie Leitch on Monday appointed lawyer and professional mediator George Adams as the arbitrator and mediator for talks between CP and its 3,800 unionized running trades workers, represented by […] 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 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
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. Agriculture Minister Gerry Ritz and Transport Minister Lisa Raitt announced the federal government won’t renew the mandatory minimums, which are due to expire Saturday. The […] 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 on how much grain they must haul, Transport Minister Lisa Raitt said Wednesday. In an interview in her parliamentary office, Raitt said farmers and shippers […] Read more
Railways can’t dictate terms on grain backlog, Harper says
Reuters — Canadian Pacific Railway and Canadian National Railway have such huge market power that they cannot be allowed to dictate how Canada’s grain shipment backlog is cleared, Prime Minister Stephen Harper said on Thursday. Harper said in an appearance in Saskatchewan that the grain backlog was not nearly as bad as it was a […] Read more
CP’s shopcraft staff ratify new labour deal
Repair, maintenance and locomotive and rail car inspection staff at Canadian Pacific Railway (CP) have voted to ratify the last-minute deal that kept them off the picket line. The 1,625 unionized workers, represented by Unifor’s CP shopcraft bargaining unit, voted 79 per cent in favour of their four-year deal at membership meetings over the past […] Read more
Rail consolidation unlikely to involve CP for now: CEO
Toronto | Reuters — Canadian Pacific Railway is unlikely to be involved in the consolidation of the North American industry in the short term, CEO Hunter Harrison said on Monday. Canada’s No. 2 railway, which also has operations in the U.S., discussed a deal with CSX Corp. last year but could not reach an agreement. […] Read more
Repair, inspection staff at CN prep for strike vote
Locomotive and rail car maintenance, repair and inspection staff at Canadian National Railway (CN) plan to take a strike vote early next week, their union said Thursday. Unifor, the largest union at CN with over 4,800 members, said Thursday it will hold the vote over a period of up to three weeks, and would set […] Read more
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