Insights and Stories on Grain

Jan. 30, 2019 at 5:17 am CST

Increased revenue from grain handling — albeit on a slightly lower overall grain handle — helped Canadian Pacific Railway improve its fourth-quarter and year-end gross for 2018. Calgary-based CP on Jan. 23 reported overall net income of $545 million on $2.006 billion in revenues for its fourth quarter ending Dec. […]

By GFM Staff

Nov. 28, 2018 at 12:48 pm CST

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 […]

By David Ljunggren

Nov. 27, 2018 at 8:20 pm CST

CNS Canada — It’s so far, so good with grain shipments to the three major Canadian ports according, to a spokesperson with Quorum Corporation, which compiles weekly performance updates on Canada’s grain handling sector. The spokesperson said there not have been any big problems recently, only a few sporadic instances […]

By Glen Hallick - MarketsFarm

Oct. 30, 2018 at 9:43 am CDT

Traffic in Canadian National Railway’s grain and fertilizers segment rose eight per cent in its latest quarter, helping the company to record quarterly revenue. Montreal-based CN on Oct. 23 reported net income of $1.134 billion on $3.688 billion in revenues for its quarter ending Sept. 30, up from $958 million […]

By GFM Staff

Oct. 29, 2018 at 10:25 am CDT

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” — […]

By GFM Staff