railways Archives - Page 6 of 15 - Manitoba Co-operator

Crews work as Canadian Pacific Railway tracks are suspended above the washed-out Tank Hill underpass of the Trans-Canada Highway after devastating rain storms caused flooding and landslides, northeast of Lytton, B.C. on Nov. 20, 2021. (Photo: B.C. Ministry of Transportation and Infrastructure handout via Reuters)

Year-end profits up for CN, CP despite lower grain handles

Railways' ledgers weather drought, B.C. disasters

By Dave Bedard, GFM Network News January 29, 2022

Both of Canada’s big two railways were able to improve their overall gross and net in 2021 over 2020 despite a yield-robbing drought and disastrous track and bridge washouts in southern British Columbia. Canadian National Railway (CN) on Tuesday reported 2021 net income of $4.892 billion on $14.477 billion in gross revenue, up from $3.784

Crops, Weather

Grain movement to Vancouver picking up

Railways seen recovering from B.C. damages faster than many had expected

By Allan Dawson, GFM Network News December 21, 2021

Western grain movement to the Port of Vancouver was at 60 per cent of normal as of Dec. 15 and is expected to continually improve, Mark Hemmes, Canada’s grain monitor and president of Quorum Corp. said in an interview Wednesday. “I think by next week it’s going to look a lot better,” he said. “Is

File photo of a CN locomotive in Winnipeg. (Dave Bedard photo)

Crops

Vena withdraws as candidate for CN CEO role

By GFM Network News, Reuters December 20, 2021

Reuters — Canadian National Railway said on Monday Jim Vena, who was backed by a group of investors to lead the country’s largest railway operator, had pulled out of the running to serve as its new chief. Shares of CN fell as much as 6.5 per cent on the news. The former Union Pacific executive

Weather

Thousands in B.C. still stranded by flood waters

'We are not out of this by a long shot'

By GFM Network News November 18, 2021

Abbotsford | Reuters — Rescuers and workers in British Columbia were still trying to reach 18,000 people stranded on Thursday after floods and mudslides destroyed roads, houses and bridges in what could be the costliest natural disaster in the country’s history. Receding flood waters were helping rescue efforts, but the downpour blocked off entire towns

Cows that were stranded in a flooded barn at Abbotsford, B.C. are rescued on Nov. 16, 2021 by people in boats and on a jet-ski after rainstorms lashed the province, triggering landslides and floods and shutting highways. (Photo: Jennifer Gauthier/Reuters)

Other, Weather

B.C. calls emergency, expects more deaths from 500-year flood

Some livestock die, more are expected to be euthanized

By GFM Network News November 17, 2021

Abbotsford | Reuters — The death toll in Canada from massive floods and landslides that devastated parts of British Columbia is set to rise, with the province declaring a state of emergency on Wednesday. Authorities have so far confirmed one death after torrential rains and mudslides destroyed roads and left several mountain towns isolated. At

Crops

CP, Kansas City lock in new deal as CN steps out

More efficient flow of grain, perishables, machinery parts touted

By Dave Bedard, GFM Network News September 15, 2021

Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about

“The railways always move it. The issue is, when do they move it?” – Wade Sobkowich, WGEA

News, Other

Grain shipping capacity eyed nervously

Can shippers capture premium prices this winter, or will railways cut too deep?

By Allan Dawson August 26, 2021

It’s official. Western Canada’s grain-handling and transportation system moved a record amount of grain during the 2020-21 crop year that ended July 31. When the dust had settled, Western Canada’s grain-handling and transportation system had moved a record 61.5 million tonnes. That’s up 5.1 per cent from last crop year’s record of 58.6 million, Mark

The charred remnants of the rail bridge, destroyed by a wildfire on June 30, is seen during a media tour by authorities in Lytton, British Columbia, July 9, 2021.

News, Other

Lytton bridge reopened but grain movement ‘hit and miss’

Wildfires in British Columbia continue to disrupt Prairie grain movement

By Allan Dawson July 23, 2021

CN Rail’s, fire-damaged bridge at Lytton, B.C. reopened for traffic July 13, but all train movement, including for grain, through British Columbia’s wildfire-ravaged southern Interior, is “hit and miss” and will remain so until the fire risk lessens. “Both railways (including CP Rail) are having troubles because there are so many fires in the area,”

Grain ships continue to arrive at Canadian ports, suggesting the possibility of another record despite tight grain supplies.

News

Is a grain shipping three-peat on the horizon?

Grain movement has been running at a record pace during the 2020-21 crop year, but will it continue to the July 31 finish line?

By Allan Dawson June 18, 2021

The record-setting pace of western grain moving to port thus far could see a three-peat when the 2020-21 crop year ends July 31. Canada’s grain monitor Mark Hemmes, president of Quorum Corporation, speculated in an interview in October 2020 — less than three months into the current crop year — it was possible grain moved by rail from

Comment, Op/Ed, Other

Comment: Let’s get ready to ‘build back better’

Canada needs a permanent solution to perennial transportation issues as part of its economic recovery

By Greg Cherewyk March 30, 2021

Build back better. It’s a catchy slogan – and a good idea. Throughout the pandemic, the Canadian agriculture and food industry has shown it is more than up to the task. But without the right practices, policies and infrastructure in place, it is becoming increasingly clear Canada will not be able to fully realize its

Daily Network News

U.S. grains: Soy rally continues after Trump says China to expand purchases

U.S. livestock: Cattle futures fall after strike authorization vote

U.S. farm income set to fall in 2026 despite surge in government payments

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