Chicago | Reuters — U.S. grain handler The Andersons plans to use US$550 million from the sale of its rail leasing business to pay down debt and invest in sustainable farming and low carbon initiatives in its core grain and fertilizer units, CEO Pat Bowe told Reuters on Tuesday. Maumee, Ohio-based Andersons sold its rail
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The Andersons to pay debt, invest in core units after rail business sale
Renewable fuels, specialty foods investments considered
CN, CP set third-quarter records for grain movement
MarketsFarm — Canada’s big two railways again reported moving record amounts of Canadian grain during the third quarter of 2020. Canadian National Railway (CN) reported Monday it had shipped 7.76 million tonnes of grain by rail, and Canadian Pacific Railway (CP) said Friday it had moved 7.72 million tonnes. For CN that not only marked
CN conductors on strike
Unionized conductors, trainpersons and yard workers at Canadian National Railway are on strike as of Tuesday morning. The Teamsters Canada Rail Conference (TCRC), whose CTY arm represents about 3,000 unionized CN staff, announced late Monday its members would stop work at 12:01 a.m. ET Tuesday. “Unfortunately, we were unable to reach a deal with CN,”
Oil on rail likely won’t interfere with grain movements
CNS Canada — When considering the pattern of how grain is shipped by rail in Canada, it’s very unlikely increased oil shipments would interfere, according to Quorum Corp. “That’s largely because the flow of grain is predominantly to the West Coast and Thunder Bay,” said Quorum president Mark Hemmes. About 80 per cent of Canadian
Alberta to buy rail cars for oil
Ottawa | Reuters — The Alberta government is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said Wednesday, as the province takes actions to move oil stuck in the region because of a lack of pipeline capacity.
Need grain cars? Consider CN’s auction
CN Rail has several programs that allow shippers to lock in their car supply
It was commonly thought Canada’s railways wouldn’t auction rail cars because the maximum revenue entitlement (MRE) prevents them from pocketing the extra revenue. But CN started offering a limited number of cars to the highest bidder in the 2016-17 crop year, David Przednowek, CN Rail’s director of grain marketing, said in an interview Aug. 24.
Farmers seek ‘urgent’ action from Senate on rail service
Groups representing Canadian grain growers touched down in Ottawa Thursday to urge quick passage of legislation to avoid a sequel to the grain handling logjam of 2013-14. Representatives from the Canadian Federation of Agriculture, Grain Growers of Canada, Keystone Agricultural Producers, Agricultural Producers Association of Saskatchewan, Alberta Federation of Agriculture and B.C. Agriculture Council went
Tepid rail service cripples farmer deliveries on Prairies
CNS Canada — Prairie farmers are struggling to generate cash flow for their operations due to the lack of rail cars that are available to pick up their grain. “Spring is coming up, farmers need cash flow and we don’t get cash flow if your grain is sitting in a bin waiting for a train
Larger elevators, smaller rail cars seen in grain’s future
Winnipeg | CNS Canada –– Heading into the future, elevators will be more efficient and trains will carry more grain, according to industry professionals at the Grain World conference in Winnipeg. “I think there’s a real shift happening from low efficiency to the higher-efficiency facilities,” Karl Gerrand, CEO of G3, said Wednesday during the What
Three shortlines to buy Saskatchewan’s grain cars
The Saskatchewan government has picked the three buyers who will divvy up its provincially-owned fleet of grain hopper cars. The province, in its March budget, announced a request for offer (RFO) for the Saskatchewan Grain Car Corporation’s (SGCC) fleet of rail cars as it winds down that operation. The province said it would give “first
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