Canadian National Archives - Page 3 of 3

CP, CN overshoot annual grain revenue caps

By GFM Network News, Gfm Staff December 31, 2018

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

Crops

CN, CP roll over revenue caps for 2016-17

By GFM Network News, Manitoba Co-operator Staff December 22, 2017

Canada’s big two railways have both overshot the maximum revenue they’re allowed to keep for ferrying the 2016-17 grain crop off the Prairies. The Canadian Transportation Agency on Thursday issued its annual determination of how much, if any, revenue Canadian National Railway (CN) and Canadian Pacific Railway (CP) made over their maximum grain revenue entitlements

Crops

CN conductors ratify labour deal

By GFM Network News, Manitoba Co-operator Staff August 11, 2017

An 11th-hour labour deal that averted a strike in late May by conductors and yard crews for Canadian National Railway has been ratified. Members of the Teamsters Canada Rail Conference’s Conductors, Trainpersons and Yardpersons union (TCRC-CTY) have voted in favour of a three-year agreement retroactive to July 23, 2016, CN said Tuesday. The deal “provides

Crops

CP, CN both top their Prairie grain revenue caps

By GFM Network News, Manitoba Co-operator Staff January 3, 2017

The Western Grains Research Foundation (WGRF) can soon expect a late gift of over $4.4 million in surplus Prairie grain freight revenue, according to a new ruling from the Canadian Transportation Agency. The agency said Dec. 22 it has determined Canadian Pacific Railway (CP) and Canadian National Railway (CN) went over their maximum revenue entitlements

Crops

CN books lower first-quarter grain handle

By GFM Network News, Manitoba Co-operator Staff April 25, 2016

Higher revenue per carload offset reduced grain and fertilizer traffic for Canadian National Railway (CN) in its first fiscal quarter. Montreal-based CN on Monday reported overall net income of $792 million on total revenues of $2.964 billion for the quarter ending March 31, up from $704 million on $3.098 billion in the year-earlier Q1. The

Crops

CN to challenge latest grain revenue penalty

By GFM Network News, Manitoba Co-operator Staff February 1, 2016

Ordered to hand over more than $7 million in Prairie grain handling revenue and related fines for the 2014-15 crop year, Canadian National Railway now plans to challenge the bill in court. Montreal-based CN on Monday filed in the Federal Court of Appeal, seeking leave to appeal the Canadian Transportation Agency’s (CTA) Dec. 29 finding

Crops

CN, CP both over revenue limits for 2014-15 grain haul

By GFM Network News, Manitoba Co-operator Staff December 29, 2015

Canada’s big two railways will both be required to hand over seven figures in Prairie grain revenue from the 2014-15 crop year after taking in more than their federally-allowed maximums. The Canadian Transportation Agency on Tuesday ruled Canadian National Railway and Canadian Pacific Railway (CN, CP) exceeded their grain revenue entitlements for the crop year

Crops, Markets

More grain revenue on less grain in CN’s Q3 ledger

By GFM Network News, Manitoba Co-operator Staff October 29, 2015

Lower grain traffic compared to last year’s record crop year hasn’t translated to lower third-quarter grain revenue for Canadian National Railway (CN). Montreal-based CN on Tuesday booked overall net income of $1.007 billion on $3.222 billion in gross revenue for its third quarter (Q3) ending Sept. 30, up from $853 million on $3.118 billion in

Crops

Tumour surgery to sideline CN chief

By GFM Network News, Manitoba Co-operator Staff August 13, 2015

The CEO of Canada’s biggest rail network expects to be off work until late fall for surgery and radiation treatments on a precancerous tumour. Canadian National Railway’s (CN) chief executive Claude Mongeau said Wednesday he expects to have surgery either near the end of this month or early in September, to remove a rare type

Crops, Markets, Weather

CN, CP book higher grain revenues in Q1

By GFM Network News, Manitoba Co-operator Staff April 22, 2015

A bump in gross revenue from grain handling helped to improve first-quarter results for both of Canada’s big two railways. Canadian National Railway (CN) on Monday reported overall net income of $704 million on $3.098 billion in revenue for the quarter ending March 31, up from $623 million on $2.693 billion in the year-earlier period.

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Tag Archives Canadian National

CP, CN overshoot annual grain revenue caps

CN, CP roll over revenue caps for 2016-17

CN conductors ratify labour deal

CP, CN both top their Prairie grain revenue caps

CN books lower first-quarter grain handle

CN to challenge latest grain revenue penalty

CN, CP both over revenue limits for 2014-15 grain haul

More grain revenue on less grain in CN’s Q3 ledger

Tumour surgery to sideline CN chief

CN, CP book higher grain revenues in Q1

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