With tight trucks in May and the likelihood of further escalation before the Fourth of July, sources said the rising spot market for trucks is pushing costs higher for shippers and placing a premium on straight loads.
Iowa Gov. Terry E. Branstad signed a proclamation that allows farmers to transport overweight loads of corn, soybeans, hay, straw, silage and stover. The proclamation is in effect from Sept. 25 to November 25.
Rehabbing a stretch of railroad will open up grain-shipping opportunities for farmers who currently must use trucks to transport their grain to more distant railways.
The Missouri Department of Transportation says private and for-hire motor carriers will be able to haul corn, soybeans and other grains at heavier than normal weights.
As U.S. farmers begin the biggest corn and soybean harvests ever, the bins at Elburn Cooperative Co. in Illinois remain almost empty. It simply costs too much to send Midwest crops by barge to New Orleans export terminals.
Canadian National Railway Co. said the federal government should lower a grain shipment minimum because farmers haven’t been sending enough of the crop to allow the railroad to comply with the order.
The state now has the final piece of funding needed to rehab a stretch of railway that will open up grain-shipping opportunities for farmers in south-central South Dakota, officials announced this week.
North Dakota Gov. Jack Dalrymple opened a federal hearing in Fargo about rail service delays in the upper Plains by reading a letter from a grain elevator that said Canadian Pacific Railway Ltd. was 525 cars behind in its service.
Container ships sailing across the northern Pacific are carrying more cargo and are setting course for British Columbia to avoid delays from a possible strike by U.S. West Coast longshoremen.
A scale-tipping harvest, a lack of bin space from last year and a shortage of rail cars have some farmers, and some elevators, pouring wheat on the ground because there's no place to put it.
BNSF Railway and Canadian Pacific Railway Ltd. struggled with "greater-than-normal" demand from shippers of coal, oil and Midwest crops, USDA said last week.
The company posted a 12 percent drop in fiscal fourth- quarter profit as its trading and processing business continued to feel the effects of drought in the U.S. and a shortage of railcars.
North Dakota's congressional delegation is pressing Canadian Pacific Railway to provide details of its backlog of grain shipments, saying farmers need detailed information with fall harvest fast approaching.