cp Archives | Page 3 of 20

Crews work as Canadian Pacific Railway tracks are suspended above the washed-out Tank Hill underpass of the Trans-Canada Highway after devastating rain storms caused flooding and landslides, northeast of Lytton, B.C. on Nov. 20, 2021. (Photo: B.C. Ministry of Transportation and Infrastructure handout via Reuters)

Year-end profits up for CN, CP despite lower grain handles

Railways' ledgers weather drought, B.C. disasters

By Dave Bedard January 29, 2022

Both of Canada’s big two railways were able to improve their overall gross and net in 2021 over 2020 despite a yield-robbing drought and disastrous track and bridge washouts in […] Read more

Crops, Markets

Transport strains pile on drought-induced feed shortages

Importing U.S. corn not cheap

By Rod Nickel January 26, 2022

Winnipeg | Reuters — Canadian farmers say they are just days away from running out of feed for cattle, due to severe drought last summer damaging crops needed to fatten […] Read more

Crops

CN names new CEO, easing tussle with investor

Former CP executive Tracy Robinson returns to rail

By Reuters January 26, 2022

Reuters — Canadian National Railway on Tuesday named industry veteran Tracy Robinson as its new chief executive officer, soothing a months-long tussle with its second-largest shareholder over leadership at the […] Read more

Crops

CN over, CP well under 2020-21 grain revenue caps

Railways moved record-level volume during year, CTA says

By Dave Bedard December 24, 2021

Coming off a record-level Prairie grain handle, Canadian National Railway’s $1.042 billion in 2020-21 Prairie grain revenue is set to be trimmed by about $2.52 million. The Canadian Transportation Agency […] Read more

Crops, Machinery

Grain movement to Vancouver picking up

Railways seen recovering from B.C. damages faster than many had expected

By Allan Dawson December 21, 2021

Western grain movement to the Port of Vancouver was at 60 per cent of normal as of Dec. 15 and is expected to continually improve, Mark Hemmes, Canada’s grain monitor […] Read more

File photo of a CN locomotive in Winnipeg. (Dave Bedard photo)

Crops

Vena withdraws as candidate for CN CEO role

By Reuters December 20, 2021

Reuters — Canadian National Railway said on Monday Jim Vena, who was backed by a group of investors to lead the country’s largest railway operator, had pulled out of the […] Read more

Crops

CN again reopens Kamloops-Vancouver corridor

'Quite a bit' of traffic shifted to Prince Rupert

By Glen Hallick December 6, 2021

MarketsFarm — After recent heavy rains forced Canadian National Railway to close its Kamloops-to-Vancouver corridor for a second time, the railway reopened its critical line to Canada’s busiest port on […] Read more

Prince Rupert Grain Terminal. (Rupertport.com)

Crops

CN rerouting trains, aims to re-open line to Vancouver on weekend

By Reuters December 2, 2021

Reuters — Canadian National Railway (CN) said Wednesday it was aiming to reopen its track in the crucial Kamloops-to-Vancouver corridor in flood-hit British Columbia this weekend. The Pacific province, trying […] Read more

Crops

CP to reopen rail corridor to Vancouver Tuesday

B.C. storm led to damage in 30 separate spots, railway says

By Dave Bedard November 23, 2021

Canadian Pacific Railway (CP) plans to have its rainstorm-battered mainline between Kamloops and Vancouver reopened to grain and other traffic around midday Tuesday. The company said Monday that out of […] Read more

Parts of the Trans Canada Highway at Abbotsford, B.C. remain submerged in flood waters on Nov. 19, 2021. (Photo: Reuters/Jennifer Gauthier)

Machinery

Repair work on B.C. rail lines expected for days yet

CP expects to resume service 'mid-week;' some highways open only for essential travel

By Dave Bedard November 20, 2021

Canada’s big two railways expect repair work to continue into at least next week before service can resume through storm-battered areas of British Columbia to export terminals at Vancouver. Both […] Read more