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Delayed grain harvest weighs on CP results (10/24/2016)

During the third quarter, CP said Canadian grain freight revenues totaled $222 million, down 15% from the same period a year ago. Canadian grain carloads totaled 65,000 in the third quarter, down 10% from 72,000 in the same period a year ago. Meanwhile, U.S. grain freight revenues increased 1% to $150 million from $148 million, while U.S. grain carloads increased 11% to 49,000 from 44,000.

Ag product shipments a bright spot for Union Pacific (10/24/2016)

OMAHA, NEBRASKA, U.S. — Near-record agricultural product shipments failed to completely offset declines in each of Union Pacific’s other five business groups, leading to a decline in earnings and sales at the Omaha, Nebraska, U.S.-based rail provider.

Hanjin Shipping to Close European Operations (10/24/2016)

Company to close its 10 business operations in Europe.

U.S. regulators on Friday approved a new alliance between four of the world’s largest container operators (10/24/2016)

The U.S. Federal Maritime Commission voted to allow the Ocean Alliance, an agreement among France’s CMA CGM, China’s Cosco Group, Hong Kong’s Orient Overseas Container Line and Taipei-based Evergreen Marine, to become effective as of Monday, October 24, 2016.

Export Recovery Takes Seed (10/17/2016)

Bumper agricultural crop, solid grains at West Coast ports may signal the end of the slump in US outbound trade.

ZFS Ithaca, LLC announces new soybean processing plant in Ithaca, Mich. (10/17/2016)

ITHACA, Mich. – Just weeks after Zeeland Farm Services Inc.® celebrated the 20th anniversary of Michigan’s first soybean processing plant, its affiliate, ZFS Ithaca, LLC®, is announcing plans for a second, larger facility – a major new investment designed to expand capacity to serve Michigan agriculture.

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