Ocean freight index hits five-and-a-half year highs

Reading Time: 1 minute MarketsFarm — The Baltic Dry Index (BDI) has steadily increased over the past few months, hitting its highest levels in five-and-a-half years. The BDI settled Tuesday at 2,011 points, the highest level for the ocean freight rate indicator since January 2014. The BDI has been on a steady uptrend since hitting a two-and-a-half year low […] Read more

Baltic Dry Index near 2-1/2-year lows

Reading Time: 1 minute The Baltic Dry Index (BDI) has dropped sharply over the past two months, as declining global demand for commodities — especially from China — weighed on the economic indicator. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. The BDI […] Read more

Grain handle drops in CN’s first quarter

Reading Time: 2 minutes Reduced traffic in grain, fertilizers and petroleum, against increased costs from “challenging operating conditions,” ate into the first-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Monday booked net income of $741 million on total revenues of $3.194 billion for its quarter ending March 31, down from $884 million on $3.206 billion in […] Read more

Senate hands back transport bill, with changes

Reading Time: 3 minutes Federal legislation sought by farm groups wanting improvements to rail service for the grain sector is on its way back from the Senate to the House of Commons. Senators on Thursday afternoon passed Bill C-49, the Transportation Modernization Act, on third reading — but with several amendments proposed Wednesday by the standing Senate committee on […] Read more



Baltic Dry Index hits two-year highs

Reading Time: 1 minute CNS Canada — Ocean freight rates are trending higher, with the Baltic Dry Index (BDI) hitting its highest level of the past two years on Tuesday. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. It was quoted Tuesday at […] Read more





Ottawa moves to extend expanded rail interswitching

Reading Time: 4 minutes Prairie crop growers hoping that changes in federal rail freight rules will continue past their expiration date are about to get their wish. Transport Minister Marc Garneau and Agriculture Minister Lawrence MacAulay on Friday announced they would bring forward a resolution in Parliament to extend provisions of the previous government’s Bill C-30, the Fair Rail […] Read more