OmniTrax has accepted a letter of intent from a group of Northern Manitoba First Nations wanting to purchase the Port of Churchill and the Hudson Bay Railway. It was first reported several weeks ago that the Denver-based transportation company was considering selling its Manitoba assets. The letter triggers a 45 day due diligence period in which both parties… Read more »
Tag: Merv Tweed
Grain & Trains: How Oil is Part of the Solution to Western Canadian Logistic Woes
Farmers are understandably frustrated by slow grain movements out of the Prairies this year, as a giant crop has western ports at a stand-still. The finger is often pointed at oil tankers hogging all the railway tonne-miles as a major part of slow grain movement off the Prairies, but as with any logistical problem, the… Read more »