(NSCorp.com)

CP scraps plans to buy Norfolk Southern

Reuters — Canadian Pacific Railway said on Monday it had scrapped efforts to buy Norfolk Southern, almost six months after it launched its unsolicited US$28 billion bid for the fourth-largest U.S. railroad operator. The announcement comes days after the U.S. Justice Department urged the Surface Transportation Board to reject a voting trust arrangement CP had

(Justice.gov)

U.S. Justice Dept. urges rejection of CP voting trust

Reuters — The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway (CP) has proposed as part of its takeover bid for U.S. railway Norfolk Southern, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer for the Virginia-based company, which


(Dave Bedard photo)

Cargill books higher profits, warns of tough markets

Reuters — U.S. agricultural commodities trader Cargill on Thursday reported a rise in third-quarter profit on stronger results in food ingredients and grain handling, but warned about headwinds from oversupplied grain markets and low commodity prices. The privately-held company is exiting lower-margin operations, including its U.S. pork business, and expanding deeper into food ingredients and



(Dave Bedard photo)

CPP reported in talks for stake in Glencore agribusiness

Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at

Outstanding young farmers Jason and Laura Kehler received their plaque from Manitoba Agriculture, Food and Rural Development Deputy Minister Dori Gingera-Beauchemin.

Jason and Laura Kehler named Manitoba’s Outstanding Young Farmers

The couple will compete for the national title later this year in Niagara Falls

Carman-area farmers Jason and Laura Kehler will represent Manitoba at the Canadian Outstanding Young Farmers finals in Niagara Falls in late November. The couple, was selected from several nominees at the provincial event in Winnipeg. The Kehlers operate Kehler Farms Ltd., a 5,600-acre operation producing potatoes, seed soybeans, corn, canola, oats, wheat, soybeans and edible



(Photo courtesy CN)

Transport review urges scrapping railway grain revenue cap

Winnipeg | Reuters — Ottawa should phase out over seven years its cap on the amount of revenue railways can earn transporting grain, a study for the Canadian government recommended Thursday, a move long urged by railways and opposed by farmers and grain handlers. A review of Canadian transportation laws, aimed at modernizing the system,