CP
Railways confront tough times with volumes dropping as recession looms
Carloads fell more than 17% year-over-year as industrial supply chains remain shut down and retail severely curtailed.
No injuries as freight train derails in industrial area of Kingston
Spur line serves a plant that manufactures nylon yarn, which involves chemical production.
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Railways under stress as anti pipeline blockades continue
CN Railway warns it will have to close “significant” parts of its network unless blockades on its rail lines are removed.
Agency to investigate possible freight rail problems in Vancouver
The Forests Products Association of Canada said rail delays last year cost the forest sector over $500 million.
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CN and CP well poised for 2019 trade headwinds: analysts
Crude-by-rail exports have spiked over the past year amidst a pipeline shortage and a big discount on Western Canadian Select oil.
Fertilizer giant Nutrien to lay off up to 1,300 in Saskatchewan
Temporary action related to rail transportation backlogs, a possible Canadian Pacific Railway strike and growing inventory.
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Customers blame efficiency drives at railroads for backlogs over winter months
They cite reductions in crew, locomotives and cars in a drive to boost bottom lines for railroads.
Broken rail led to Saskatchewan potash train derailment: TSB
Crack had been there for some time and the rail broke when the train passed over it on Oct. 3.
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UPDATE: CN apologizes, promises immediate action to clear grain shipment backlog
Offering incentives for key employees to delay retirement and postpone vacations, and to entice back recently-retired employees.
CN and CP say service will improve as frigid winter weather subsides
Heavy snow in Western Canada and frigid temperatures slowed service fro both rail companies.
Fossil fuels ‘probably dead,’ says CP CEO
Hunter Harrison tells conference new investments in traditional energy will dry up because of environmental hurdles.
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Canadian railways temper 2015 outlook on tough market conditions
A sluggish economy and lower volumes of coal, grain and energy products could undermine the lofty 2015 earnings goals, analysts say.
Unifor, CP ratify labour agreement
Contract includes wage increases, benefits improvements and a commitment to maintaining operations.
Industry profits edge up in April: Conference Board
Oil extraction prices rally thanks to a cold winter and lower US inventories
CP strike: Raitt says Canada’s pro business reputation at risk
Conservatives suggest striking CP workers were a risk to Canada’s entire economy.
