A new federal ministerial order calls for Canada’s big two railways to significantly cut their train speeds in any areas deemed to be at an “extreme” fire risk. “With extreme […] Read more
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Tag Archives cp
CN, CP trains ordered to slow down against fire risk
Ministerial order in effect until Oct. 31
Feds halt CN, CP trains through B.C. wildfire area for two days
'Extended recovery' expected for westbound grain traffic
Updated — A federal ministerial order has been issued halting Canadian National and Canadian Pacific rail movement through the Kamloops area of British Columbia for 48 hours from midnight Friday. […] Read more
Richardson building new southwestern Saskatchewan elevator
On-site crop inputs facility to follow
Winnipeg grain firm Richardson International has started work on a new high-throughput grain elevator in southwestern Saskatchewan, to be bookended by smaller elevators it already operates in the region. The […] Read more
Kansas City Southern sticks with CN as CP won’t raise bid
CN confident of regulatory approval
Reuters — Kansas City Southern on Friday reiterated that Canadian National Railway’s offer was “superior” after Canadian Pacific Railway refused to raise its bid, moving a step closer to creating […] Read more
CN shareholder urges changes to Kansas City Southern deal
Fund manager also holds stake in CP
Reuters — Billionaire hedge fund manager Chris Hohn on Tuesday urged Canadian National Railway to abandon its $33.6 billion bid for Kansas City Southern unless the Canadian railway changed its […] Read more
CN bid for U.S. railway poses greater risk to competition, DOJ says
Reuters — The U.S. Department of Justice said on Friday that Canadian National Railway’s bid for U.S. railway operator Kansas City Southern appears to pose greater risks to competition than […] Read more
Kansas City Southern accepts new CN bid over CP’s
CN offers to cover KCS's breakup fee with CP
Reuters — U.S. railway operator Kansas City Southern said Thursday it had accepted Canadian National Railway’s $33.6 billion acquisition offer, upending a $29 billion deal with its competitor Canadian Pacific […] Read more
CP files objection with U.S. regulator over CN’s Kansas City Southern bid
Reuters — Canadian Pacific Railway said on Saturday it filed a formal objection with a U.S. regulator, stating Canadian National Railway’s near US$30 billion rival bid for Kansas City Southern […] Read more
Cost index up for CN, down for CP in grain revenue formula
CP expects lower labour costs, CN higher
Expected labour costs were the major difference in a new ruling on the index that determines how much revenue each of Canada’s big two railways get to keep in the […] Read more
Rail shippers pick sides as CP, CN bid for Kansas City Southern
Richardson, Conagra among firms supporting both bids
Winnipeg | Reuters — North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas […] Read more
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