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Tag Archives Canadian Pacific Railway

Crops, News

New short line railway to serve Interlake

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A group of Interlake farmers has purchased a 50-km rail line between Gimli and Selkirk with financial assistance from the Manitoba government. Lake Line Railroad (LLRR) Inc. is launching a new short line freight railway between Gimli and Selkirk, officials announced Aug. 2. “Lake Line Railroad will ensure the continued rail shipment of grain and
News

CP trains rolling again

reuters/staff / CP trains were rolling again after Canadian Senate passed back-to-work legislation May 31. “There will be a period to catch up on backlog and that is something we’ll be doing once we’re operating again. We’ll be doing that as quickly as possible,” CP spokesman Ed Greenberg said. The Teamsters Union launched its strike
News

Feds put CP back to work

The Canadian government will force striking workers at Canadian Pacific Railway back to work with fast-track legislation to end the strike, Labour Minister Lisa Raitt said May 28. “We’re proposing legislation today to protect our recovering economy and resume rail services,” Raitt told the House of Commons a day after the latest round of talks
Opinion

Is it really true that CN and CP need more money?

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Recently the Canadian Transportation Agency (CTA) announced that Prairie grain farmers will pay 9.5 per cent more to ship their grain. Based on the 2011 total freight bill under the revenue cap of $952 million, a 9.5 per cent increase means another $90 million straight out of the pockets of Prairie farmers. Based on 31
Cereals, News

Hefty raise for railroads

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Get ready to dig a little deeper to ship this year’s harvest to export ports. The Canadian Transportation Agency has approved a hefty 9.5 per cent raise in the revenue cap, which is the maximum railways can earn from shipping grain, a boost that could cost farmers an extra $87 million or about $3 per
Cereals, Crops, News

CP can’t move entire crop off the combine

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This just in — the railways won’t move Western Canada’s entire wheat crop off the combine this fall. “To use a cliché in building the church for Easter Sunday, there’s a reality that it’s a seasonal business and we’re responsive on a seasonal basis to the business,” Steve Whitney, CP Rail’s vice-president of marketing and
Cereals, Crops, News

CWB books $6 billion in revenues for 2010-11

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Prairie wheat and barley growers saw payments of about $5.5 billion for their deliveries to the Canadian Wheat Board during the 2010-11 crop year. The CWB released its annual report for 2010-11 Feb. 21 showing $6.071 billion in combined pool revenue, with $3.792 billion paid out to pool participants, another $1.709 billion paid out through
Cereals, Crops, News

Class action against railways considered

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Aproposed class-action suit against Canada’s two major railways over grain freight rates was due Feb. 1 in a Calgary courtroom, where it will be decided whether the suit can proceed on all Prairie farmers’ behalf. In a letter to potential “class” members, Regina lawyer Tony Merchant said the certification hearing in Alberta Court of Queen’s
Crops, News

Grain revenue jumps for CP Rail’s Q4

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A jump in revenue from slightly higher grain traffic in the last three months of 2011 helped bolster a beleaguered Canadian Pacific Railway in its fourth fiscal quarter (Q4). CP on Jan. 26 booked net income of $221 million on total revenues of $1.408 billion for its quarter ending Dec. 31, up from $186 million
Cereals, Crops, News, Oilseeds

More Crops Briefs, Jan. 26

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CWB’s winter rail program expects high volumes The Canadian Wheat Board’s winter rail program is expected to be one of the highest-volume years ever. “This is very good to see,” said CWB spokesperson Maureen Fitzhenry. “There was a big crop and a lot of demand.” The 2010-11 program transported 840,000 tonnes of wheat and durum

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