Mead, Neb./New York | Reuters — Massive flooding in the U.S. Midwest has knocked out roughly 13 per cent of the nation’s ethanol production capacity, as plants in Nebraska, Iowa and South Dakota have been forced to shut down or scale back production following the devastation. Production facilities owned by large companies like Archer Daniels […] Read more
Tag Archives rail
Floods shut nearly a sixth of U.S. ethanol production
Pulse weekly outlook: Little excitement in market
The pulse market has been largely quiet for the last couple of months, according to Adam Krieser of CanPulse Foods in Saskatoon, although rail shipments were curtailed due to weather and other issues including a fatal crash. Three Canadian Pacific Railway crew members were killed Feb. 4 when a grain train derailed on CP’s mainline […] Read more
CP mainline through Rockies reopened after crash
Canadian Pacific Railway’s mainline through the Rocky Mountains has reopened to traffic following a grain train derailment that killed three railroaders Monday. Calgary-based CP announced late Friday its mainline through Field, B.C. was reopened at midday Wednesday “in close collaboration with Transport Canada, and upon completion of all necessary safety checks.” Meanwhile, CP said Friday, […] Read more
Canadian canola demand off year-ago pace
CNS Canada — Canadian canola exports and domestic usage are both falling behind the year-ago pace, according to the latest Canadian Grain Commission data. Canada exported only 63,700 tonnes of canola during the week ended Jan. 6, according to the report. That compares with the average weekly movement during the crop-year-to-date of about 200,000 tonnes. […] Read more
No big problems seen in grain transportation so far
CNS Canada — It’s so far, so good with grain shipments to the three major Canadian ports according, to a spokesperson with Quorum Corporation, which compiles weekly performance updates on Canada’s grain handling sector. The spokesperson said there not have been any big problems recently, only a few sporadic instances in rail shipments. There has […] Read more
Federal rail freight legislation clears Senate
Canada’s Senate has passed federal legislation that grain grower groups have hoped will help improve rail freight service for the sector this year. Bill C-49, the Transportation Modernization Act, passed third reading in the Senate on Tuesday following a 41-31 vote to approve a message that the Senate “does not insist on its amendments” to […] Read more
Canada trade deficit jumps as rail problems cut grain exports
Ottawa | Reuters — Canada’s trade deficit in February jumped to $2.69 billion from $1.94 billion in January as rail transport problems slashed exports of wheat and canola, Statistics Canada said on Thursday. The deficit was larger than the $2 billion shortfall predicted by analysts in a Reuters poll. Canada has only recorded two monthly […] Read more
Larger grain handle helps boost CN’s Q3
A markedly larger grain and fertilizer handle in the three months ending Sept. 30 has helped pump up the third-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Tuesday reported third-quarter net income of $853 million on $3.118 billion in total revenue, up from $705 million on $2.698 billion in the year-earlier period. […] Read more
Prairie grain revenue up as CP books record Q3 profit
An increased grain handle for the three months ending Sept. 30 has helped boost Canadian Pacific Railway (CP) to its highest third-quarter profit ever. Calgary-based CP released its Q3 results Tuesday, reporting record net income of $400 million on record total revenue of $1.67 billion for the quarter, up from $324 million on $1.534 billion […] Read more
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