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Tag Archives Rail transportation in the United States

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In Brief… – for Feb. 5, 2009

Smaller Alta. beet crop costs Rogers: Shrinking sugar beet acreage helped bite deep into Rogers Sugar’s bottom line for the company’s first quarter. The Montreal income trust posted profit of $73,000 on $138.4 million in revenues for Q1 ending Dec. 31, down from $18.5 million on $173 million in the year-earlier period. Its gross margin
Cereals, News

Farmers urged to lobby for rail costing review

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The millions of dollars the railways are reported to have overcharged western grain farmers underscores the need to review railway costs – and to update the formula used to determine how much the railways can earn hauling grain. So said Canadian Wheat Board (CWB) spokeswoman Maureen Fitzhenry in an interview last week: “We need to
News

CN’s U. S. short line bid approved

Canadian National’s (CN) bid to streamline its U. S. traffic by buying a Chicago-area short line has won last-minute approval from U. S. federal regulators.CN, since September 2007, has had a US$300 million bid pending to buy the Elgin, Joliet and Eastern Railway Co. (EJ&E) from U. S. Steel. But the deal has been subject
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Canadian railroads exceed caps on grain revenue

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Canada’s two national railways generated too much revenue from western grain hauling in the last crop year and will have to pay fines, a federal agency ruled on Dec. 30. Canadian National Railway exceeded its $409 million cap by nearly $26 million while Canadian Pacific Railway was nearly $34 million over its $374 million cap,
Cereals, News

Millions in freight savings

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Western grain shippers will save $2.59 a tonne or $72 million per year after a Federal Court ruled against Canada’s two major railways in a battle over how much maintaining hopper cars should cost. The Federal Court of Appeal rejected the railways’ argument that the Canadian Transportation Agency erred in the way it retroactively cut
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CTA not “re-regulating” grain transport

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“Maybe it is necessary to ‘re-regulate’ the railways because I don’t think the railways have been acting in good faith.” – REG DYCK The Canadian Transportation Agency (CTA) is just doing its job as required under legislation when it compels the railways to include certain revenues or exclude certain costs when calculating the revenue cap,
Cereals, News

CN puts grain investments on hold

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Western grain transportation should be completely deregulated, including elimination of the cap on railway revenues designed to protect grain farmers from railway gouging, says Wayne Atamanchuk, Canadian National Railway’s (CN) assistant vice-president of bulk commodities. Meantime, CN has stopped investing in grain transportation fearing “creeping re-regulation” will inhibit CN’s ability to earn a profit from
Cereals, News

Farmers not well served by grain transportation reforms

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“We have a first-class system. I don’t think there’s anybody who beats us. When you talk to buyers around the world they say, ‘You’ve got all of this and you still screw it up.’” – MARK HEMMES From the farmer’s point of view, reforms made eight years ago to Western Canada’s grain transportation system have

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