North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of economic damage.
Tag Archives CN Rail
Industry and shippers brace for Canada rail stoppage, fear ‘catastrophe’
No progress on rail strike negotiations, say union, companies
Strike action delayed until CIRB hands down decision on safety implications of work stoppage
No progress has been made in negotiations with Canadian Pacific Kansas City railway the union representing many of their workers said yesterday.
Railways blast past revenue cap
Grain moved was up 60 per cent from last season on drought recovery
Canada's two big railways will have a $7.1 million Christmas present for the Western Grains Research Foundations following a ruling they exceeded their revenue caps in 2022-23.
Railway shipping record a hopeful sign, but consistency key to success
WGEA says early success shows potential but the railways will need to stay on top of their game
The Western Grain Elevators Association (WGEA) says Canadian National Railway’s report of a record week for grain shipments is good news, but it is looking for consistency. “Even an amateur golfer can hit a hole in one once in a while, but the pros hit a good ball consistently,” says Wade Sobkowich, WGEA executive director.
Railways in the spotlight as grain shipping season begins
A big crop is bound for export and there are doubts the railways can pull it off
Glacier FarmMedia – Another chapter in the great Canadian rail transport soap opera may be unfolding. The tempestuous couple — railroads and grain farmers — is on the cusp of another argument over harvest shipping. And there’s no alternative for producers. They’re locked into the relationship. Will CN Rail and CP Rail, which struggled to
CN releases 2022-23 grain plan
CN Rail published its 2022-23 grain plan July 29 in which it describes preparations for moving a Western Canadian grain crop expected to rebound from last year’s drought-reduced harvest. Plan details include the addition of 57 high-horsepower locomotives, new rolling stock and 500 additional employees to bolster operating crews in Western Canada. More high-capacity grain
Record amount of grain moved, CN goes over revenue limit
The Canadian Transportation Agency (CTA) recently ruled that Canadian National Railway exceeded its maximum grain revenue entitlements for the 2020/21 crop year. Meanwhile, the CTA stated that Canadian Pacific was under its entitlement. The CTA’s report stated that CN’s revenue from transporting Western Canadian grain was nearly C$1.045 billion and was C$2.4 million over its
Editor’s Take: Rubber, meet road
In recent years the country’s two major railways have all but dislocated their metaphorical shoulders patting themselves on the back. They’re rightly very proud of record grain movement year after year, and have pointed to major investments in infrastructure, equipment and personnel as key to that success. And to be clear, both CN and CP
Turmoil at CN making Canadian grain shippers nervous
Hedge fund is threatening to oust the railway’s senior management
Canadian grain shippers are worried CN Rail’s plan to boost profits and avoid a shakeup in the executive suite could result in poorer service. “Even though (grain shipping) demand is a bit down (due to a smaller crop) they (CN) started rationing last week and their order fulfilment, especially out of Alberta is dropping,” Greg
CN, CP railways break grain shipping records
MarketsFarm – It was a record-breaking year for both of Canada’s two major freight railways. In separate news releases to the public on August 3, both Canadian National Railway (CN Rail) and Canadian Pacific Railway (CP Rail) reported a record amount of grain moved during the 2020-21 crop year. For the first time ever, both
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