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Rail Blockades Created Huge Tab For Canadian Grain Producers, Industry Says
Tuesday, March 10, 2020 - 5:49pm | 1005Canadian grain producers anticipate industrywide costs of the recent rail blockades will total roughly C$300 million overall by the time network capacity returns to normal later this year. The costs come from fees such as demurrage, contract penalties and lost sales, according to Grain Growers of...
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Canadian Pacific Hits Another Grain Record
Thursday, February 6, 2020 - 5:07pm | 446Canadian Pacific (NYSE: CP) moved 2.09 million metric tonnes (mt) of Canadian grain and grain products in January, a company record for the month. January's volumes beat the previous January 2019 record by 200,000 mt, CP said late Wednesday. "This record-setting performance was achieved through...
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Grain Groups In Canada Want Assurances For Rail Option
Tuesday, January 21, 2020 - 11:04am | 935Canadian grain groups are taking a fresh look at pressing government officials to enact legislation that would address how the country can continue shipping grain and grain products in the event of a strike or other work stoppage. One option the groups have mentioned is finding a legislator to...
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Canadian Pacific Moves Record Grain Volumes In Fourth-Quarter 2019
Tuesday, January 7, 2020 - 5:02pm | 418Canadian Pacific (NYSE: CP) hauled record volumes of grain last December and for the fourth quarter of 2019, following significant capital investments in its grain infrastructure. The railway shipped 7.9 million metric tonnes (mt) of grain in the fourth quarter, beating a prior quarterly record of...
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Canadian National Grain Shipments Return To Pre-Strike Levels
Thursday, December 12, 2019 - 4:17pm | 592Canadian National (NYSE: CNI) announced that its shipments of grain are moving at a pace similar to that experienced before some of its workers walked out. Approximately 3,200 of the railroad's conductors, trainspersons and yard workers went on an eight-day strike in November. The reduction in...
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Canadian Pacific Reaches All-Time Monthly Record For Grain Volumes
Tuesday, November 12, 2019 - 2:05pm | 343Canadian Pacfic (NYSE: CP) hauled an all-time monthly record of grain and grain products volumes in October, the railway said on November 12. CP moved 2.66 million metric tonnes (mmt), beating a previous monthly record of 2.64 mmt in April of this year. The railway attributed its the use of new...
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Canadian National Sees Record Western Grain Volumes In October
Wednesday, November 6, 2019 - 6:22pm | 392Canadian National (NYSE: CNI) reached a monthly volume record for western Canadian grain shipments in October, the railway said on Nov. 5. Western Canadian grain movements totaled 2.8 million metric tonnes (mt) of grain and processed grain products in October, beating a previous record of 2.7...
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Canadian Pacific Moves Record Grain Volumes In May
Wednesday, June 5, 2019 - 11:06am | 387Canadian Pacific (NYSE: CP) moved record amounts of grain and grain products in May out of the port of Vancouver. The railway moved 15 million metric tonnes of grain for export through Vancouver in May, breaking the record set in May 2017 by 5 percent, the company said on June 4. Since the start...