Toronto | Reuters — Three crew members died on Monday when a Canadian Pacific Railway grain train derailed in British Columbia, a Transportation Safety Board (TSB) spokesman said. The accident occurred when a train carrying 40 to 60 grain hopper cars derailed near Field, B.C., the TSB spokesman said. TSB is investigating the cause of […] Read more
Tag Archives cp — page 9
Three crew die in CP grain train derailment
CP books higher Q4 grain revenue on reduced handle
Increased revenue from grain handling — albeit on a slightly lower overall grain handle — helped Canadian Pacific Railway improve its fourth-quarter and year-end gross for 2018. Calgary-based CP on Jan. 23 reported overall net income of $545 million on $2.006 billion in revenues for its fourth quarter ending Dec. 31, down from $984 million […] Read more
Rail now moving fluidly through Vancouver, CN says
Winnipeg | Reuters — Congestion at Port Metro Vancouver, Canada’s busiest port, has been resolved and rail operations are now “fluid,” Canadian National Railway said Friday. Canadian National and rival Canadian Pacific Railway were rationing space on trains travelling in the Vancouver area and prioritized some commodities over others to deal with congestion, causing complaints […] Read more
Railways ration space as commodity congestion problems worsen
Winnipeg | Reuters — Canada’s two major railways are rationing space on trains traveling to the country’s biggest port and recently prioritized some commodities over others to deal with congestion, the latest indication of their struggle to meet demand from new trade deals. That move prompted Canada’s transport regulator last week to start an investigation […] Read more
CP, CN overshoot annual grain revenue caps
Both of Canada’s big two railways were found to have made more revenue from hauling Prairie grain in 2017-18 than their federally mandated limits allow. The Canadian Transportation Agency on Monday announced Canadian Pacific Railway and Canadian National Railway overtopped their maximum revenue entitlements (MREs) for the crop year by $1,500,513 and $1,047,285 respectively. CN’s […] Read more
Viterra to boost two Prairie elevators’ capacity
One of the Prairies’ biggest grain handlers has pledged to boost the handling and rail capacity at two of its inland terminals. Glencore Agriculture’s Viterra arm announced Thursday it plans to upgrade its elevators at Stettler, Alta., about 80 km east of Red Deer, and at Binscarth, Man., about 120 km southeast of Yorkton, Sask. […] Read more
Grain handle down slightly in record quarter for CP
Grain carloads were marginally fewer but grain revenue per carload climbed 10 per cent to help Canadian Pacific Railway to its highest quarterly revenue ever. Calgary-based CP on Oct. 18 booked net income of $622 million on $1.898 billion in revenues — its “highest ever (revenues) for any quarter” — in its third quarter ending […] Read more
World crop briefs: Black Sea’s oilseed yields seen larger
CNS Canada — The Black Sea region’s oilseed crop for 2018-19 is estimated 160,000 tonnes higher, at 43.36 million tonnes, according to the latest estimates by the U.S. Department of Agriculture. In its October estimates, USDA estimated Ukraine rapeseed production would come in at 100,000 tonnes more than previous estimates to 2.7 million tonnes. Turkey’s […] Read more
Railways say they’re ready for large shipping season
CNS Canada — Canadian Pacific Railway managed to slightly increase its grain shipping volumes last year, despite the extreme cold. CP moved 25.8 million tonnes of western Canadian grain, grain products, soybeans and non-regulated principal field crops during the 2017-18 crop year. That’s a one per cent increase from the previous crop year and one […] Read more
Grain elevators brace for high-volume shipping season
CNS Canada — Grain companies in Western Canada are bracing for another high-volume year, as questions about the system’s ability to handle that amount continue to plague the industry. Wade Sobkowich, executive director of the Western Grain Elevator Association, said despite the heat stress that has hit many crops this year, grain companies expect this […] Read more
Cyber-Savvy Farmer
