Canadian 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, FreightWaves reports.
CN has signed a new multi-year agreement with NorFalco Sales, a division of Glencore Canada Corp., to provide freight transportation of sulfuric acid from NorFalco’s rail-served production facilities in Sudbury, Ontario, and Rouyn-Noranda and Valleyfield, Quebec.
CN announced that its movement of Canadian grain is back to pre-strike pace after recovering from the eight-day strike that occurred in November.
CN and Teck Resources Limited, a diversified resource company with major business units in copper, steelmaking coal, zinc and energy, on Dec. 4 announced a long-term agreement for shipping steelmaking (metallurgical) coal* from Teck’s four British Columbia operations between Kamloops and Neptune Terminals, and other West Coast ports. The agreement, which runs from April 1, 2021 until December 31, 2026, will replace Teck’s current 10-year agreement with Canadian Pacific, which expires March 31, 2021. CP, which interchanges with CN at Kamloops, will continue to serve Teck at originating mine sites.
In the wake of an eight-day strike that seriously impacted operations, CN is revising its full-year 2019 financial outlook. The railroad said its strike recovery plan is “on track.”
CN has reached a tentative agreement for a new collective agreement with its 3,200 conductors and yard crews working on its mainline and yards in Canada.
Thirteen months ahead of the December 2020 deadline, CN has successfully met the federal requirement to operate Positive Train Control (PTC) on all 35 of its U.S. subdivisions required to be equipped with PTC.
CN recently announced that Executive Vice President and Chief Information and Technology Officer Michael Foster is leaving the company on Nov. 29, 2019, “for personal reasons and moving back to the U.S. to be close to his family and to pursue other career opportunities.”
CN’s Western Canadian grain movements broke another record in October 2019, with shipments of 2.8 million metric tons (MMT) of grain and processed grain products, the railroad announced on Nov. 4. The previous record, set in April 2019, was 2.7 MMT.
CN reported “strong results” for its financial and operating results for the third quarter ended Sept. 30, 2019, such as a 4% increase in revenues and diluted earnings per share (EPS) increase of 8%.