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The Western Producer
Prairie farmers were frustrated with Canada's railway companies in the winter of 2013-14.
Producers accused the railways of failing to move grain from inland terminals to port, which clogged elevators across Western Canada and slashed cash prices.
The railways' performance may have been inadequate, but it doesn't represent the state of the grain handling system in Western Canada, says the head of Canada's grain transport monitoring program.
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Cargo Business
Differences between the U.S. and the European Union over issues such as genetically modified crops and hormone-treated beef could ruin a free trade deal, U.S. Agriculture Secretary Tom Vilsack said.
The EU and the U.S. hope to seal a Transatlantic Trade and Investment Partnership (TTIP) that would encompass a third of world trade and nearly half of global gross domestic product.
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RailwayAge
Canadian Pacific (CP) on Dec. 16, 2015, hosted an investor call to discuss the details of a revised, enhanced offer for Norfolk Southern (NS) that will give NS shareholders the opportunity to receive for each share of NS, $32.86, 0.451 shares of stock in the combined CP-NS, and 0.451 of a contingent value right, which will have a maximum value of $25.
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CN
CN accompanied by the Honourable John McCallum, Minister of Immigration, Refugees and Citizenship, announced a $5 million donation to assist communities with the resettlement of Syrian refugees across Canada.
"The humanitarian need is great and time is short to help welcome refugees arriving on our doorstep," said Luc Jobin, executive vice president and chief financial officer of CN.
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RailwayAge
The U.S. House of Representatives on Dec. 10, 2015, passed S. 808, the Surface Transportation Board (STB) Reauthorization Act of 2015, which among other provisions, will increase the number of STB members from three to five, improving STB's structure and decision-making processes by allowing, with proper disclosure, board members to speak with one another about cases on which the STB is ruling.
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RailwayAge
In a Dec. 10, 2015, interview with Bloomberg TV Canada, BNSF Executive Chairman Matt Rose stated that his company has spoken to both eastern Class I railroads about potential merger activity. "We have long believed BNSF would be involved in the industry potentially consolidating from seven carriers to four," says Cowen & Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. "We continue to believe Norfolk Southern shares will outperform and that investors will start to look at eastern rival CSX."
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Manitoba Co-operator
The Manitoba government isn't prepared to let the Port of Churchill and the railway that serves it die, says Minister of Infrastructure and Transportation Steve Ashton.
And he's confident the federal government isn't either. Ashton said he met with his federal counterpart Marc Garneau in Ottawa as well as Winnipeg South Liberal MP Terry Duguid.
The port and line owned by Denver-based OmniTrax will be sold if more can't be earned from their operation OmniTrax Canada, president Merv Tweed said in media reports.
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RailwayAge
Congressional conferees on Dec. 1, 2015 reached an agreement on the Fixing America's Surface Transportation Act, a five-year surface transportation reauthorization bill and the first long-term bill of its kind in a decade. It comes after years of predeccesor-bill extensions and partisan bickering. Of interest to freight railroads are key provisions on safety enhancements for tank cars moving flammable liquids in the U.S. and electronically-controlled pneumatic train braking.
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Canadian Shipper
The recent announcement of the final U.S. rule requiring the use of electronic logging devices, puts Canada "under the gun" and removes any remaining argument for the Canadian governments not to move forward with a similar mandate in Canada, says this country's largest trucking association.
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Canadian Shipper
The U.S. Department of Transportation's Federal Motor Carrier Safety Administration announced the publication in the Federal Register of a Final Rule to help further safeguard commercial truck and bus drivers from being compelled to violate federal safety regulations.
The Rule provides FMCSA with the authority to take enforcement action not only against motor carriers, but also against shippers, receivers, and transportation intermediaries.
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Cargo Business
Now that CMA CGM is buying NOL/APL, and Cosco and CSCL are merging, is this a new rash of consolidation in the container industry?
Drewry's latest issue of Container Insight notes the container shipping world is getting smaller after the announcements of CMA CGM's successful $2.4 billion bid for NOL/APL and two major Chinese state-owned shipping entities — Cosco and China Shipping — being granted merger approval.
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American Shipper
Ocean carrier CMA CGM will acquire Neptune Orient Lines, the parent of APL, in an all cash deal worth about $2.4 billion, according to a joint statement from the companies. The companies said the deal, which would combine the world's third largest and 12th largest container carriers, is still subject to antitrust approvals in the U.S., China, and European Union.
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Cargo Business
According to a report from Moody's Investor Service, container volume growth through U.S. ports will slow in 2016 as demand for U.S. exports stays weak and U.S. retailers work through high inventories.
Moody's said it expects container volume will rise 3 to 4 percent next year, down from 5 percent growth this year.
Strong growth in 2015 was due in part to a big influx of containers after West Coast dockworkers agreed to the terms of a 6-year contract in late February.
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Cargo Business
China announced plans to reorganize China Ocean Shipping Group and China Shipping Group, with combined revenue of more than $40 billion, creating one of the world's largest container lines and showing the country’s intent to create national firms that are globally competitive.
The two shipping lines will consolidate operations, according to a statement from the State Council's state-owned Assets Supervision and Administration Commission.
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KFMB-TV via CNW
Today Toronto Pearson International Airport surpassed 40 million in annual passenger traffic, making it the first Canadian airport to do so. Canada's largest airport has been experiencing unprecedented growth in passenger numbers in 2015, with year to date growth averaging nearly 7 per cent. The Greater Toronto Airports Authority, which operates Toronto Pearson, estimates that the airport will reach more than 41 million passengers before the end of 2015.
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Air Cargo Week
The European airport industry has pledged at the COP21 climate conference in Paris to increase the number of carbon neutral airports to 50 by 2030 through the Airport Carbon Accreditation program.
Airports Council International Europe says this commitment builds on a succession of actions it has taken along with its members to address the impact of aviation on climate change — which it says all contribute to the overall aviation industry global climate goals set under the Air Transport Action Group.
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Canadian Manufacturing
Steering well-clear of a certain combustible element at the top left of the periodic table and incorporating a long list of other modern tweaks, Lockheed Martin and Hybrid Enterprises are inching closer to bringing the iconic airships of the '20s and '30s into the modern era.
Recently, the U.S Federal Aviation Administration approved Lockheed's project-specific certification plan for its Hybrid Airship, removing the final regulatory hurdle standing between the project's development and potential buyers.
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Air Cargo Week
Airfreight volumes continue to flatline, according to the International Air Transport Association.
The association released data for global airfreight markets, which show volumes measured by freight tonne kilometers rose just 0.5 per cent in October compared to a year ago.
Year-over-year expansion fell back from September's faster growth rate, and total cargo volumes in October stand 1.1 per cent lower than the peak of the uptrend at the end of 2014.
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