Losses mount for Canadian grain shippers [Business News Network (BNN) Energy & Resources (Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Business News Network
Losses mount for Canadian grain shippers Beleaguered Canadian grain shippers, confronting millions of dollars of daily losses in the aftermath of a series of rail blockades, may face a sales logjam for at least six months. Exporters are still paying contract penalties and demurrage costs for ships, and the backlog of grain may take until October to clear, Wade Sobkowich, the executive director of the Western Grain Elevator Association, said in a telephone interview. Delays in shipping are costing as much as s $10 million a day. “It’s a slow road to recovery, and just because we’re not seeing any active blockades right now doesn’t mean we’re back up to normal flow and movement,” Sobkowich said. “We’ll be pulling back on sales due to the fact we have to execute on ones that are near term and on the books.” The association represents companies including Richardson International, Cargill Ltd. and Viterra, Glencore Plc’s Canadian grain unit. The North American nation is the world’s largest
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CNI
Earnings
- 4/23/24 - Beat
CNI
Sec Filings
- 4/23/24 - Form 6-K
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- CNI's page on the SEC website