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CP, CSX no longer talking merger

Canadian Pacific Railway (CP) has shut down last week’s media buzz about any possibility of a merger with the third biggest railway in the U.S. The Wall Street Journal and other media recently reported Calgary-based CP and Jacksonville-based CSX had held “exploratory talks” about combining their operations. [Related story] CP on Monday confirmed it had

Crops, Markets

U.S. senator raises concerns over potential CP, CSX deal

By GFM Network News October 17, 2014

Chicago | Reuters — The head of a U.S. Senate subcommittee raised concerns in a letter Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway and CSX Corp., and called on them both to fully review the antitrust implications of any such

Crops, Markets

As clock winds down, CP’s CEO hunts for his dream deal

By Allison Martell, GFM Network News October 17, 2014

Toronto/Chicago | Reuters — Veteran railroad boss Hunter Harrison has won over many critics since taking over as chief executive of Canadian Pacific Railway (CP), but he still has unfinished business — creation of a consolidated North American railway — and is running out of time to do it. That might explain why CP, Canada’s

News

Railway profits don’t impress unhappy customers

A lack of competition is good for shareholders but not shippers

By Alex Binkley May 6, 2014

Robust financial results posted by CN and CP for the first quarter of 2014 aren’t winning applause from customers who have suffered a winter of unpredictable freight service. “CN and CP already have the vast majority of the business in Western Canada, and they are focused on reducing costs to improve their operating ratios,” says

Gordon Harrison speaking into a microphone.

Cereals, News

Poor rail service blamed for some Canadian mills closing temporarily after running out of grain

The transportation crisis is hurting domestic grain customers too, says CNMA president Gordon Harrison

By Allan Dawson February 26, 2014

Western Canada’s grain train backlog is hurting the industry’s Canadian customers too with some millers forced to close due to a lack of supply, the president of the Canadian National Millers Association (CNMA) says. “Prolonged interruptions of up to three to four weeks in wheat and oat delivery by rail to mills have literally forced

Crops, News

Grain revenue jumps for CP Rail’s Q4

By Manitoba Co-operator Staff February 15, 2012

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

News

Viterra signs service deals with railways

By Commodity News Service January 13, 2012

Viterra Inc., has signed service agreements with Canadian National Railway and Canadian Pacific Railway which will help increase efficiency for grain movement in Western Canada, the company announced in two separate press releases December 19. The agreement with CN will see Viterra work with the railway to review supply chain key performance indicators, co-operate on

Cereals, Crops, News

Small Crop Offers Good Return

By Allan Dawson September 1, 2011

Last year was one of the toughest years farmers can remember, plagued with drowned-out seeding, weather-induced quality demotions, and sluggish rail service. But the prices for the 2010 crop made it worth the hassle. “At the end of the day we will see one of the highest overall returns in history, including the second-highest wheat

News

In Brief… – for Apr. 28, 2011

By Reuters April 28, 2011

New president:Sinclair Harrison of Moosomin, Sask. has been elected president of the Hudson Bay Route Association (HBRA). Harrison, longtime president of the Farmer Rail Car Coalition and former president of the Saskatchewan Association of Rural Municipalities, was named to the position at a board of directors’ meeting in Virden following the HBRA’s 68th annual convention

News

Railways Announce Capital Spending For 2011

By Alex Binkley February 24, 2011

On the heels of posting impressive full-year results for 2010, CP and CN have announced capital spending plans for 2011 that could exceed $2.6 billion. CP plans to invest in the range of $950 million to $1.05 billion on rail infrastructure while CN intends to spend $1.7 billion. CP chief financial officer Kathryn McQuade says

Daily Network News

U.S. livestock: Feeder contracts surge, hogs rise

U.S. grains: Soybeans climb as soyoil futures surge

New Syngenta fungicide targets anthracnose, white mould, Ascochyta blight

Tag Archives CP

CP, CSX no longer talking merger

U.S. senator raises concerns over potential CP, CSX deal

As clock winds down, CP’s CEO hunts for his dream deal

Railway profits don’t impress unhappy customers

Poor rail service blamed for some Canadian mills closing temporarily after running out of grain

Grain revenue jumps for CP Rail’s Q4

Viterra signs service deals with railways

Small Crop Offers Good Return

In Brief… – for Apr. 28, 2011

Railways Announce Capital Spending For 2011

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