Canada's two big railways will have a $7.1 million Christmas present for the Western Grains Research Foundations following a ruling they exceeded their revenue caps in 2022-23.
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Tag Archives grain freight
Railways blast past revenue cap
Grain moved was up 60 per cent from last season on drought recovery
Seaway workers ratify labour deal
Deal ended one-week strike on waterway
Unionized workers on the St. Lawrence Seaway in Ontario and Quebec have voted their approval of the agreement that brought them in off the picket line. Unifor, which represents about […] Read more
Seaway strike backs up Ontario grain
Prairie grain may follow suit if strike backs up traffic via Thunder Bay, GFO warns
The nature of eastern Canadian grain logistics, and a strike by St. Lawrence Seaway workers who operate the system’s canals, will see cascading impacts across the system if the situation […] Read more
Rail interswitching expansion pilot clears Parliament
Grain handlers to press for plan to be made permanent
Last week’s passage of the 2023 federal budget starts a 90-day countdown toward an 18-month test of expanded interswitching on railways in the three Prairie provinces. Bill C-47, the government’s […] Read more
CP disputes TSB’s conclusions on fatal grain train crash
Safety board urges automatic parking brakes, 'enhanced' brake testing for conditions
The federal Transportation Safety Board’s report into the fatal derailment of a Canadian Pacific Railway (CP) grain train in the Rocky Mountains in 2019 calls for changes to train braking […] Read more
Ocean freight index hits five-and-a-half year highs
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 […] Read more
Commodities firm INTL FCStone enters Canadian market
Already handling ag commodities via partners north of the border, U.S. commodities brokerage and financial services firm INTL FCStone is bringing its own name into the Canadian market. The New […] Read more
CTA to bump up Prairie grain freight cost index
Fuel and infrastructure improvements are expected to push up the cost of railroading and, in turn, the index guiding how much money Canada’s big two railways get to keep from […] Read more
Extensions sought for interim grain freight measures
Not expecting federal grain transport reforms to take effect until this fall at the earliest, several Prairie grain grower groups want to see an extension of the previous government’s interim […] Read more
Rail interswitching rule seen already paying dividends
A 2014 federal rule that expanded rail options for some Prairie grain shippers has already made for more competitive freight rates and service and should be renewed this summer, commodity […] Read more