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(File photo by Dave Bedard)
Crops

CP books higher Q4 grain revenue on reduced handle

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Increased revenue from grain handling — albeit on a slightly lower overall grain handle — helped Canadian Pacific Railway improve its fourth-quarter and year-end gross for 2018. Calgary-based CP on Jan. 23 reported overall net income of $545 million on $2.006 billion in revenues for its fourth quarter ending Dec. 31, down from $984 million
Grain shippers say it’s taking some time to bring all the provisions of the new transportation law into effect, but they’re not concerned.
News, Other

Transport regulation changes unused

It’s partly because grain is moving well, but it’s also taking time to develop level-of-service agreements

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Most of the provisions designed to improve rail service for grain in the Transportation Modernization Act (Bill C-49), which became law five months ago this week, have yet to take effect. But that’s neither a surprise nor a disappointment to Wade Sobkowich, executive director of the Western Grain Elevator Association (WGEA), which pushed hard for
(File photo by Dave Bedard)
Crops

Grain handle down slightly in record quarter for CP

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Grain carloads were marginally fewer but grain revenue per carload climbed 10 per cent to help Canadian Pacific Railway to its highest quarterly revenue ever. Calgary-based CP on Oct. 18 booked net income of $622 million on $1.898 billion in revenues — its “highest ever (revenues) for any quarter” — in its third quarter ending
Canadian Pacific is promising slow and steady growth in its grain-hauling capacity.
News, Other

CP’s new grain VP walked in grain shippers’ shoes

Joan Hardy was in charge of grain transportation at Richardson International before becoming a senior railway executive

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Joan Hardy knows how vital reliable rail service is to grain shippers because she’s been one. Hardy, who became CP Rail’s vice-president of sales and marketing for grain and fertilizer April 1, was for 12 years before that Richardson International’s vice-president of transportation. Before that she worked 21 years for CN Rail, in various roles,
Th passage of Bill C-49 will see CN invest in new grain cars and other infrastructure to move grain faster across the Prairies.
News, Other

CN investing to improve grain transportation

The railway didn’t get everything it wanted in Bill C-49, but it was enough to trigger millions 
of dollars in capital spending, including 1,000 new high-capacity grain cars

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A top CN executive says Bill C-49 is already sparking a wave of grain transportation investments. Both CN and CP Rail have ordered 1,000 new high-capacity grain cars and are investing in other infrastructure to move more grain faster partly due to the legislative changes, says Sean Finn, CN’s executive vice-president of corporate services and
Comment: Why calls to kill MRE being ignored
Comment, Opinion

Comment: Why calls to kill MRE being ignored

Requests to update railway grain shipping costs face the same fate

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[UPDATED: June 20, 2018] The North American Grain Grading Group’s (NAGGG) call to axe the maximum revenue entitlement (MRE) appears to be getting the cold shoulder from Western Canada’s grain sector. The MRE is a federal regulation that sets the annual limit the railways can earn in total hauling western grain to Thunder Bay and
Editorial, Opinion

Editorial: A silver lining

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No one would look at the ongoing struggle to move grain to port position this winter as a positive thing. It’s been a long and exhausting grind for everyone involved from the farmer through to the railways. Challenging weather met understaffed and underequipped railways and the result was poor service, scant grain movement and expensive
(CPR.ca)
Crops

Grain handle down, costs up in CP’s Q1

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Increased traffic in potash and intermodal containers offset an eight per cent drop in grain carloads in Canadian Pacific Railway’s first quarter, against higher costs and “challenging” conditions. Calgary-based CP on Wednesday booked net income of $348 million on gross revenues of $1.662 billion for the quarter ending March 31, down from $431 million on
(Dave Bedard photo)
Crops

Two unions set to strike Saturday at CP

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Unions representing engineers, conductors and signal maintainers on Canadian Pacific Railway (CP) have served formal notice to strike starting Saturday. The Teamsters Canada Rail Conference (TCRC), which represents about 3,000 CP engineers and conductors, served strike notice late Tuesday, as did System Council No. 11 of the International Brotherhood of Electrical Workers (IBEW), representing over
News

Calls grow for passage of transport bill to amend and quickly pass Transportation Modernization bill

As grain movement grinds slower shippers are calling for action on the transport file

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Calls for quick passage of C-49, the Transportation Modernization Act are increasing, as are requests for interim relief for farmers who can’t move grain because of poor rail service. And several groups want C-49 amended so a similar backlog doesn’t happen again. The Saskatchewan Wheat Development Commission (Sask Wheat), the Saskatchewan Barley Development Commission and the Agricultural Producers Association

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