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CP’s third-quarter grain handle down

“Volume momentum” in its third quarter has Canadian Pacific Railway looking forward to a rosier year-end ledger, though its grain traffic for the quarter dragged on that momentum. Calgary-based CP on Tuesday reported net income of $510 million on $1.595 billion in revenues for the third quarter ending Sept. 30, up from $347 million on

Cereals, Crops

Organic grain firm picks up elevator near border

By GFM Network News, Manitoba Co-operator Staff October 4, 2017

A Minneapolis startup in the organic grain business has bought a northwestern North Dakota elevator that further expands its southern Prairie catchment. Pipeline Foods — which has hung out its shingle as a buyer of organic, non-GMO wheat, pulses and oats for food and feed — announced Tuesday it has bought a CHS elevator at

Gull Lake Grain Corp.’s elevator is now the property of U.S. startup Pipeline Foods. (GullLakeSK.ca)

Crops

U.S. organic grain firm buys Saskatchewan elevators

By GFM Network News, Manitoba Co-operator Staff September 20, 2017

A Minneapolis-based startup focused on non-GMO and organic grains has bought itself elevator space to source those crops out of southern Saskatchewan. Pipeline Foods on Wednesday announced it has bought small elevators at Wapella, about 130 km south of Yorkton, and at Gull Lake, about 50 km southwest of Swift Current, for an undisclosed sum.

Crops

CSX tackling service issues, CEO tells rail regulator

By GFM Network News August 29, 2017

Detroit | Reuters — CSX Corp. said it is dealing with service issues even as it forges ahead with a controversial overhaul of its network that has led dozens of trade groups to call for an investigation into disruptions at the No. 3 U.S. railroad. In a letter released by the regulator on Monday, CSX

Crops

New record set for Prairie grain throughput in 2016-17

By Allan Dawson, GFM Network News August 22, 2017

Western Canada’s grain industry moved a record volume of grain in the 2016-17 crop year that ended July 31 and is gearing up to ship this year’s crop, expected to be the smallest in four years. Export terminals at Vancouver, Prince Rupert and Thunder Bay put through 35.945 million tonnes of grain last crop year,

Crops

Prairie grain freight cost index to rise with fuel prices

By GFM Network News, Manitoba Co-operator Staff April 28, 2017

An “expected sharp rise” in fuel costs in 2017 compared to 2016 may help raise the cap on how much money Canada’s big two railways can charge to move Prairie grain in 2017-18. The Canadian Transportation Agency — the tribunal which, among its other duties, sets the annual maximum revenue entitlements (MREs) on Prairie grain

Crops

Grain revenue, grain handle higher in CP’s Q1

By GFM Network News, Manitoba Co-operator Staff April 20, 2017

Increased grain and potash traffic and revenue helped Canadian Pacific Railway book a shift to “positive volumes” in its first-quarter ledger. Calgary-based CP on Wednesday reported net income of $431 million on revenues of $1.603 billion for its quarter ending March 31, down from $540 million on $1.591 billion in the year-earlier period. “We turned

Editorial, Opinion

Editorial: Playing with trains

By Gord Gilmour February 16, 2017

With spring just around the corner, it’s becoming clear a big wreck in grain shipping is unlikely this winter. Despite a 76-million-tonne crop to move, big blizzards and those infamous periods of frigid winter temperatures, the system has held together. Mark Hemmes of grain monitor firm Quorum said in a recent article in the Co-operator

Crops

Fire guts Saskatchewan town’s last elevator

By GFM Network News, Lisa Guenther February 1, 2017

Residents of Prelate, Sask. had a rude awakening Tuesday as the village’s last grain elevator, owned by Paterson Grain, was engulfed in flames. Calls to 9-1-1 started coming in at 5:48 a.m. Tuesday, according to Jason Gizen, a local volunteer firefighter and pedigreed seed grower. Gizen lives in the house closest to the elevator and

Crops

Activist investor activity reignites rail merger hopes

By GFM Network News January 20, 2017

Reuters — Shares of railway operator CSX Corp. soared 20 per cent on Thursday after an activist investor’s plan to shake up the U.S. rail operator fueled speculation that the company was once again a takeover target. Investors rushed to bid up shares of CSX after news reports that former Pershing Square partner Paul Hilal

Daily Network News

U.S. livestock: CME cattle futures rise on expectations of tight supplies

U.S. grains: Chicago soybeans fall, but achieve first annual gain in three years

ICE Canada Weekly: Canola unlikely to have a good start to 2026

Tag Archives CP

CP’s third-quarter grain handle down

Organic grain firm picks up elevator near border

U.S. organic grain firm buys Saskatchewan elevators

CSX tackling service issues, CEO tells rail regulator

New record set for Prairie grain throughput in 2016-17

Prairie grain freight cost index to rise with fuel prices

Grain revenue, grain handle higher in CP’s Q1

Editorial: Playing with trains

Fire guts Saskatchewan town’s last elevator

Activist investor activity reignites rail merger hopes

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