Canada’s big two railways reported somewhat higher revenue from handling grain during their fiscal quarter ending March 31, despite both companies reporting winter weather woes. Canadian Pacific Railway (CP) on April 23 reported grain segment revenue of $380 million for the quarter, up six per cent from the year-earlier period, on about 92,800 grain carloads, […] Read more
Tag Archives railway
Railways book higher grain freight revenue for Q1
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
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
CP conductors, engineers ratify four-year deal
Conductors and engineers for Canadian Pacific Railway have voted for labour peace following a 33-hour strike in late May. CP’s 3,100-odd conductors and engineers, represented by the Teamsters Canada Rail Conference (TCRC), announced July 20 they have voted to ratify a four-year agreement. Almost 63 per cent of eligible employees cast electronic ballots in the […] Read more
CP conductors, engineers to get nine per cent raise over four years
Montreal | Reuters — Canadian Pacific Railway conductors and locomotive engineers will get a nine per cent salary hike over four years as part of a tentative agreement reached last week with the Teamsters, spokesmen from both the union and CP said on Wednesday. The agreement, which must first be ratified by members to go […] Read more
Deal in principle announced for Churchill railway, port
The federal government has announced an “agreement in principle” which will see a new partnership fix up northern Manitoba’s washed-out Hudson Bay Railway and take over the mothballed Port of Churchill. Details of the agreement were slim at best in the government’s announcement Wednesday, except to say the buying group slated to take over the […] Read more
Churchill possibly to return to shipping grain
CNS Canada — Grain could once again be shipped out of northern Manitoba’s Port of Churchill if all goes according to plan for a new potential ownership group. “The port has got all of the grain handling equipment and simply said, the first thing we want to do is resume that commercial activity,” said Louis […] Read more
Look at other high speed rail options, say farmers
An organization opposed to the province’s high speed rail plan believes it has a good alternative for the province – high performance rail. High performance rail runs much faster than today’s passenger trains, but without the burden on farmland and rural communities of high speed rail. Why it matters: The province’s proposal to build an […] Read more
Grain handle down in CP’s ‘best-ever’ fourth quarter
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
Canadian companies struggle to plan for post-NAFTA world
Toronto | Reuters — Canadian industries that would be most acutely impacted by the death of the North American Free Trade Agreement are unable to meaningfully plan for a possible post-NAFTA world given the uncertainty of what could replace it, analysts and executives said. With three quarters of Canadian exports landing in the U.S., the […] Read more