This message was sent to ##Email##
|
|
|
|
|
The Globe and Mail
Canada's Infrastructure Minister says the federal government is considering changing the way it traditionally funds construction projects and could pick up more of the tab.
Most infrastructure projects that receive federal funding require provinces and municipalities to pony up matching funds, splitting the costs three ways.
Infrastructure Minister Amarjeet Sohi says that could change, given what he's been hearing from provincial and local officials about "capacity gaps" that hinder making projects a reality.
READ MORE
Cargo Business
Congressional action this winter, resulting in a swift passage of the Fixing the America's Surface Transportation Act, was met with sighs of relief from transportation interests around the country. For the first time in nearly a decade, Washington was able to pass a long-term surface transportation bill, thereby guaranteeing stable funding to the entities responsible for maintaining and improving our surface transportation.
READ MORE
Windsor Star
Each of the three consortiums vying to build the Gordie Howe International Bridge includes big global players and some Canadian content.
The Windsor-Detroit Bridge Authority, which announced the short list recently, is to pick a winner before the end of this year so construction can start in early 2017 and be completed by 2020.
The private sector partner will be selected by the bridge authority and the federal government, which is providing the funding.
READ MORE
Progressive Railroading
Canadian Pacific posted fourth-quarter 2015 net income of $319 million (in Canadian dollars) on revenue of $1.6 billion, compared with net income of $451 million on revenue of $1.7 billion for the same period in 2014, the company announced this morning.
Diluted earnings per share for the quarter were $2.08, down from $2.63 in 2014. Adjusted diluted earnings per share for the quarter in 2015 were $2.72, the highest ever for the period, CP officials said in a press release.
READ MORE
CN
Claude Mongeau, president and chief executive officer, said: "CN generated strong fourth-quarter and full-year 2015 results despite the weak volume environment. Our solid performance is testament to the strength of CN's franchise and diversified portfolio of businesses. I am particularly proud that CN's team of railroaders quickly recalibrated resources to respond to weaker volumes, while protecting customer service."
READ MORE
RailwayAge
Canadian Pacific's fourth-quarter and full-year 2015 financial results were slightly below analyst expectations yet "still solid given the macro challenges," according to Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “While volumes should decline in 2016, the company guided for double-digit EPS growth. We are modeling for a more conservative mid-single increase.
READ MORE
Canadian Shipper
Canadian Pacific said it is "surprised and disappointed" by comments reportedly made by Union Pacific Corp.'s (UP) Chief Executive that UP is working behind the scenes with other railroads to support the status quo.
A CP-Norfolk Southern Corp. (NS) merger, said CP, is "clearly in the public interest since it would enhance competition in the industry and would also alleviate congestion in Chicago."
READ MORE
Calgary Region
Landed costs can make or break a business. Yet many businesses, when transporting goods to and across Canada, don’t understand what goes into landed cost calculations or how to determine the true cost of a product.
That’s why we’ve provided this e-book to help you know what to consider when calculating landed costs and how to keep those costs low.
READ MORE
Regina Leader-Post
Thanks to mild weather, Canada's railways are "on schedule or ahead of schedule" in moving Saskatchewan's crop to port this winter.
"It's been a very easy winter, both in terms of lower-than-normal snowfall and higher-than-normal temperatures," says Saskatchewan Agriculture Minister Lyle Stewart. "We're in good shape right now."
Only two years ago, things were very different.
READ MORE
CN
CN announced that it has submitted an application to the Canadian Transportation Agency (CTA) for approval of its proposed logistics hub to be built in Milton, Ontario.
The CTA application outlines the infrastructure required for the C$250 million project and the expected economic benefits of the proposed logistics hub.
READ MORE
Today's Trucking
Remanufactured parts are a $7 billion business at retail and are seen as a cost effective alternative to buying new. Reman parts cost from 40 percent to 60 percent less than similar new products and often fit with a fleet's sustainability initiatives.
There has been a change to the type of parts that are being remanufactured. The industry is moving toward electron and mechatronics.
READ MORE
Canadian Shipper
As a new federal government gets settled in Ottawa, the Canadian Trucking Alliance (CTA) has offered a plan "to support growth in the economy while improving highway safety and reducing greenhouse gas emissions from the transportation sector."
Working off of the government's own stated priorities, the CTA submission — which was sent to the Federal Ministers of Transport, Environment, Finance, Infrastructure and Public Safety — highlights key areas where Ottawa and the industry can work together to achieve common goals.
READ MORE
CNW
Air Canada welcomes today's confirmation by the International Association of Machinists and Aerospace Workers that its members have ratified a new contract on collective agreement terms for ten years. The IAMAW represents 7,500 Air Canada employees who work as technical, maintenance and operational support employees in the airline's Airport, Maintenance and Air Canada Cargo operations.
READ MORE
By Rebecca Ryan
 Did you forget a gift? No worries, just get it flown to the party. Left your toothpaste at home on a business trip? Get it air-dropped to the hotel. Your phone case broke? You get the idea. Digital retailer Amazon is planning to use drones to fly packages less than five pounds to its customers in about 30 minutes, making instant gratification a little closer to instant. The service, called Amazon Prime Air, was announced in 2015, and details of the project were just released.
READ MORE
Cargo Business
In an exclusive interview with the American Journal of Transportation, the administrator of the Panama Canal Authority — refuting a statement by his second in command — says the expanded canal should be ready for inauguration in June, following delays costing the authority more than a half billion dollars in revenue.
As previously reported in CBN, early this year Panamanian President Juan Carlos Varela had said the canal expansion would open in May 2016.
READ MORE
Tampa Bay Times
When behemoth container ships start sailing through the widened Panama Canal later this year, they will not come to Port Tampa Bay in Florida.
But with more cargo expected to come to the eastern United States by sea, the port is betting that it can stake a claim to some of the new cargo traffic flowing through the canal. Bigger ships might come to Tampa even if the biggest ones don't.
READ MORE
Cargo Business
Alphaliner has forecast that worldwide container ship capacity will increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry battered by oversupply.
Freight rates have dropped sharply, driving many shipping companies into losses, as global trade has failed to keep pace with the number of new vessels entering the market.
READ MORE
|
Missed last week's issue? See which articles your colleagues read most.
|
|
Don't be left behind. Click here to see what else you missed.
|
|
|
|
|
|
|
|
|
|
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
|
