CP books higher Q4 grain revenue on reduced handle

Reading Time: 2 minutes 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

Bunge board backs management after earnings miss, CEO says

Reading Time: 3 minutes Chicago | Reuters — Agricultural merchant Bunge reported a worse-than-expected loss for the fourth quarter on Wednesday, the latest in a string of poor results that has left the company’s management fending off takeover bids from rivals. Several years of abundant grains supply on global markets have made it tough for Bunge and its rivals […] Read more

DowDuPont upbeat on growth as sales rise

Reading Time: 2 minutes Reuters — U.S. chemicals producer DowDuPont reported a 14 per cent rise in net sales for the fourth quarter and beat Wall Street profit estimates as a strong global economy led to robust demand and higher prices for its products. The newly-combined company, formed by the merger of chemical giants Dow Chemical and DuPont four […] Read more

CN’s Q4 grain handle down in ‘challenging conditions’

Reading Time: 2 minutes U.S. income tax reform more than offset “challenging” conditions, including reduced grain handle, in Canadian National Railway’s fourth fiscal quarter. Montreal-based CN on Tuesday reported net income of $2.611 billion on total revenues of $3.285 billion for its fourth quarter ending Dec. 31, up from $1.018 billion on $3.217 billion in the year-earlier Q4. The […] Read more

Grain handle down in CP’s ‘best-ever’ fourth quarter

Reading Time: 2 minutes U.S. income tax reform and significant increases in non-grain traffic more than offset a dip in Canadian Pacific Railway’s grain handle in its fourth quarter of 2017. Calgary-based CP on Thursday reported net income of $984 million on $1.713 billion in gross revenues in what it described as its “best-ever” fourth quarter, up from $384 […] Read more


Maple Leaf Foods allows McCain to boost stake

Reading Time: 2 minutes Reuters — Canadian meat processor Maple Leaf Foods reported a smaller-than-expected profit on Wednesday and also said it would allow its biggest shareholder to take a bigger stake in the company. The company said CEO Michael McCain and an affiliated company, McCain Capital Inc., could now bump up their stake to as much as 45 […] Read more

Grain handle helps lift CN to record Q4

Reading Time: 2 minutes Traffic in Prairie grain and U.S. soybeans got credit Tuesday for helping Canadian National Railway (CN) to a record profit for its fourth fiscal quarter. Montreal-based CN booked net income of $1.018 billion on revenue of $3.217 billion for the quarter ending Dec. 31, up from $941 million on $3.166 billion in the year-earlier period. […] Read more

CP’s revenue, Prairie grain handle down for year

Reading Time: 2 minutes A reduced Prairie grain handle has taken a bite out of the year-end gross for Canadian Pacific Railway in what’s turned out to be CEO Hunter Harrison’s last year on the job. Calgary-based CP on Wednesday announced full-year net income of $1.599 billion on $6.232 billion in gross revenues, up from $1.352 billion on $6.552 […] Read more


Louis Dreyfus reports lower profits, seeks partners

Reading Time: 2 minutes Paris | Reuters — Louis Dreyfus is seeking partners for some of its businesses to help the commodity trading group to weather a market downturn that hit full-year profits. Lower prices, plentiful supply and faltering economic growth in emerging economies have put pressure on commodity traders such as Louis Dreyfus that collect, export and process […] Read more

Maple Leaf profit beats as margins improve

Reading Time: 1 minute Reuters — Canadian pork processor Maple Leaf Foods posted a better-than-expected fourth-quarter profit as margins in its prepared meats business improved. Adjusted operating profit in the meat products group, which includes brands such as Schneiders and the company’s namesake Maple Leaf brand, was $54.6 million, compared with a year-ago loss of $19.1 million. The Mississauga-based […] Read more