GFM Network News


Trump-backed Canadian railway to Alaska faces high hurdles

Proponents say line could move grain, fertilizer as well as oil

Winnipeg/Washington | Reuters — A private-sector proposal endorsed by U.S. President Donald Trump to build a railway from Canada’s oil sands to ports in Alaska would free landlocked crude but faces numerous steep challenges. Trump wrote on Twitter over the weekend that he would issue a permit for the Alaska-Alberta Railway Development Corporation (A2A Rail)

Fuel, labour to pull grain freight cost indices lower

CP's share buybacks also a factor in its VRCPI

The numbers that decide how much revenue Canada’s big two railways get to keep from Prairie grain handling have been marked downward for the 2020-21 crop year. The Canadian Transportation Agency last week announced it will set the volume-related composite price index (VRCPI) at 1.4202 for Canadian National Railway (CN) and at 1.4205 for Canadian



Protestors put up new rail, road barricades in wake of arrests

Ottawa/Toronto | Reuters — Protesters in Canada have blocked train lines, Vancouver’s port entrance and at least one highway in Quebec Tuesday in response to the arrest of 10 indigenous protesters on Monday as police cleared a three-week rail barricade in southern Ontario. Ontario Provincial Police on Monday arrested some of the Tyendinaga Mohawk campaigners




Feed weekly outlook: Firm undertone to Prairie grains

MarketsFarm — Solid demand from cattle feeders and ongoing logistic issues across the Prairies should keep a firm undertone in the feed grain market for the time being, according to an Alberta broker. “The feed market has definitely moved higher,” said Brandon Motz of CorNine Commodities at Lacombe, Alta., adding “demand is strong through feedlot



CN to cut management, union jobs

Reuters — Canadian National Railway said on Friday it would cut management and union jobs, as the largest Canadian railroad operator grapples with an economic slowdown. The company will lay off 1,600 employees in the U.S. and Canada, according to a report by the Globe and Mail. The announcement comes amid declining freight volumes as

RMs declare ag disaster in Manitoba’s Interlake

Twelve rural municipalities in Manitoba’s Interlake and WestLake regions have declared a state of agricultural disaster due to severe dry conditions. The RMs of Alonsa, Armstrong, Bifrost-Riverton, Coldwell, Ethelbert, Fisher, Grahamdale, Lakeshore, McCreary, Ste. Rose, West Interlake and Woodlands announced the motion in a news release Thursday. The municipalities are calling on the province to