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Grain, oil shipments sit idle on Prairies as railways struggle to meet demand [CBC (Canadian Broadcasting Corporation)]

CANADIAN NATIONAL RAILWAY (CNI)  More Company Research Source: CBC
Last canadian national railway earnings: 7/24 04:01 pm Check Earnings Report
US:NYSE Investor Relations: cn.ca/en/investors
PDF Grain, oil shipments sit idle on Prairies as railways struggle to meet demand Transportation Modernization Act could introduce reciprocal penalties on railways A shortfall of railcars and crews have left shipments of grain and oil marooned on the Canadian Prairies. "Canada's major railways have been struggling to keep up and the harsh winter weather hasn't helped," said Lynn Jacobson of the Alberta Federation of Agriculture. There have been reports that thousands of orders for cars have been cancelled by Canadian National Railway Co. and Canadian Pacific Railway Ltd. Bill C-49, the Transportation Modernization Act, is on its third reading in the Senate. Farmers are eagerly awaiting the legislation, which would impose reciprocal penalties on railways that leave them waiting months for their grain to be shipped to elevators. "Grain is dependent on rail transportation for movement, it's always been the case that railways know ... they're gonna lose that commodity unless they ship it with [Read more]

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