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Submission: On September 05 via api from CA — Scanned from CA
Effective URL: https://www.yahoo.com/now/canada-rail-disruptions-may-stall-213136647.html
Submission: On September 05 via api from CA — Scanned from CA
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Make Yahoo Your Homepage Discover something new every day from News, Sports, Finance, Entertainment and more! * HOME * MAIL * NEWS * FINANCE * SPORTS * ENTERTAINMENT * LIFE * SEARCH * SHOPPING * YAHOO PLUS * MORE... * * Download the Yahoo Home app Yahoo Home Search query Sign in Notifications * Breaking News: Judge grants former President Donald Trump's request to appoint a special master to review documents seized by the FBI during a search of his Florida home2h * Breaking News: Liz Truss will become Britain's next prime minister after being elected leader of the ruling Conservative Party6h * Breaking News: Canadian police are looking for 2 suspects in series of stabbings that left 10 people dead, 15 wounded in Saskatchewan19h View all notifications Mail Sign in to view your mail * Mail Mail * News News * Finance Finance * Sports Sports * Entertainment Entertainment * Life Life * COVID-19 COVID-19 * Shopping Shopping * Tech Tips Tech Tips * Yahoo Plus Yahoo Plus * More... More... … … Bloomberg CANADA’S RAIL UPSETS MAY STALL MUCH-NEEDED GRAIN SHIPMENTS Read full article Jen Skerritt Tue, August 30, 2022 at 7:24 PM·2 min read (Bloomberg) -- The world desperately needs more grain, and Canada is set to harvest a bumper crop. The only problem is that snags in the country’s railway system may make it difficult to ship. Most Read from Bloomberg * Japan to Allow Non-Guided Group Tours From September * Adani Becomes World’s Third Richest Trailing Only Musk, Bezos * There’s a New Recession Canary in the Coal Mine, Morgan Stanley Says * Mikhail Gorbachev, Soviet Leader Who Ended Cold War, Dies at 91 * Elon Musk Attacks Twitter Deal Over Whistle-Blower as Feud Escalates Last year, the nation’s two major railways struggled to move Canada’s much smaller 2021 crop amid disruptions from wildfires, floods and extreme weather. This year, the northern nation will likely harvest its third biggest wheat crop on record and 42% more canola. “They couldn’t do a crop that’s 40% lower. What’s going to happen when we have a normal one again?” said Mark Hemmes, president of Quorum Corp., a company hired by the federal government to monitor Canada’s grain-transportation system. “Anybody in this business is worried about it.” Canada’s harvest rebound comes as world grain supplies have been uncertain following the war in Ukraine and as extreme weather trimmed output in parts of Europe. Drought is also shrinking crops from the US Farm Belt to China. Soaring commodity prices are also contributing to food inflation that’s been gripping the globe. The bumper crops are in line with Canadian National Railway Co.’s grain plan, said spokesman Jonathan Abecassis. The country’s largest railway said in July it expects to move as much as 27 million metric tons in the crop year starting Aug. 1. Canadian Pacific Railway Ltd. said in an emailed statement that it’s “well-positioned to meet the transportation needs of our grain customers and the broader Canadian economy during the 2022–2023 crop year.” Meanwhile, demand for Canadian grain is skyrocketing from foreign buyers searching for supplies, said Wade Sobkowich, the executive director of Winnipeg-based Western Grain Elevator Association, which represents businesses that move more than 90% of the country’s bulk grain exports. Story continues “We’re very worried,” Sobkowich said Tuesday by phone. “This fall represents the most important grain harvest in Canada in a generation.” (Updates with Canadian Pacific statement in sixth paragraph) Most Read from Bloomberg Businessweek * YouTube Went to War Against Terrorists, Just Not White Nationalists * Crypto’s Real Value Was Never $3 Trillion * The Secret Sauce at Hot Chicken Takeover: Its Unique Workforce * The Search for New Talent Has Companies Welcoming Refugees * Chipmaking’s Next Big Thing Guzzles as Much Power as Entire Countries ©2022 Bloomberg L.P. TRENDING * 1. MAN CHARGED WITH KIDNAPPING MISSING MEMPHIS JOGGER ELIZA FLETCHER * 2. VIDEO SHOWS AN AMUSEMENT PARK RIDE MALFUNCTIONING, SENDING OVER A DOZEN RIDERS HURTLING 50 FEET TO THE GROUND * 3. 1 DEAD, 9 UNACCOUNTED FOR IN FLOAT PLANE CRASH: US COAST GUARD * 4. 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