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(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
(PortMetroVancouver.com)
Crops, Markets

Grain vessel lineup rising at Vancouver

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CNS Canada — The lineup of grain vessels waiting for loading at Vancouver increased to 21 for Week 8 of the grain shipping season. Reports by Quorum Corp., which monitors Prairie grain handling, stated vessels at Vancouver were up 31 per cent from the previous week (17). The increase in ships raised sentiments that grain
A CN locomotive near Jasper, Alta. (Photo courtesy CN)
Crops

Grain handle drops in CN’s first quarter

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Reduced traffic in grain, fertilizers and petroleum, against increased costs from “challenging operating conditions,” ate into the first-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Monday booked net income of $741 million on total revenues of $3.194 billion for its quarter ending March 31, down from $884 million on $3.206 billion in
(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
A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops

Canadian railways in catch-22 over crude shipment

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Reuters — Canadian railway operators see a lucrative opportunity to transport more crude oil to the U.S. as a rise in output forces producers to find new routes to its southern neighbour. However, their need for long-term contracts and the pressure to move a surplus of grains in the country is making it hard to
(Photo courtesy CN)
Crops

CN’s Q4 grain handle down in ‘challenging conditions’

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U.S. income tax reform more than offset “challenging” conditions, including reduced grain handle, in Canadian National Railway’s fourth fiscal quarter. Montreal-based CN on Tuesday reported net income of $2.611 billion on total revenues of $3.285 billion for its fourth quarter ending Dec. 31, up from $1.018 billion on $3.217 billion in the year-earlier Q4. The

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