Transportation, Retail and Markets Correspondent, Canada
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Aug 20, 2014

More Bombardier executive reshuffling as CSeries still grounded

TORONTO, Aug 19 (Reuters) – Another Bombardier Inc
commercial aircraft executive has left the company, the plane
and train maker confirmed on Tuesday, the latest move following
a major restructuring announcement last month involving its
aerospace division.

Montreal-based Bombardier, which has struggled with long
delays and slow orders for its ambitious, multibillion dollar
CSeries jetliner program, said it has appointed Ross Mitchell to
replace aerospace executive, Philippe Poutissou, who left
earlier this week.

Aug 15, 2014

Insight – Slow pace of rail recovery stirs fear of future woes

TORONTO (Reuters) – More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.

Across the continent’s seven largest operators, trains ran almost 8 percent slower on average and sat idle at key terminals for nearly three hours longer in the second quarter than a year earlier, data from the main railroads, known as Class 1, show.

Aug 15, 2014

Slow pace of rail recovery stirs fear of future woes

TORONTO, Aug 15 (Reuters) – More than eight months after an
extreme winter began snarling North American rail traffic, a
Reuters analysis of industry data shows delays lingering,
raising the risk of a second winter of chaos on the rails.

Across the continent’s seven largest operators, trains ran
almost 8 percent slower on average and sat idle at key terminals
for nearly three hours longer in the second quarter than a year
earlier, data from the main railroads, known as Class 1, show.

Aug 14, 2014

Tim Hortons to battle Starbucks; price rises likely

TORONTO (Reuters) – Canadian coffee and donut chain Tim Hortons, which has offered only one coffee blend in its 50-year history, hopes to lure new coffee drinkers and fend off rivals such as Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) and McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) with the launch throughout North America of its new dark roast blend.

Tim Hortons, which announced the move on Thursday, may also increase prices to tackle rising costs and competition from U.S. rivals expanding in Canada.

Aug 12, 2014

Target says supply chain ‘reset’ will help fix Canada woes

TORONTO (Reuters) – Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) is repairing the supply chain problems it holds largely responsible for last year’s botched Canadian expansion and expects to show measurable progress on a turnaround by this fall, its top executive in Canada said on Tuesday.

In its first international expansion, Minneapolis-based Target opened an unprecedented 124 stores and three distribution centers in Canada last year, losing nearly $1 billion as sales fell far short of expectations.

Aug 8, 2014

SNC Lavalin, dogged by old projects, misses in Q2

TORONTO, Aug 8 (Reuters) – SNC-Lavalin Group Inc,
Canada’s largest engineering and construction firm, on Friday
reported a return to profit in the second quarter that fell
sharply below analysts’ expectations as problematic, old
projects started by previous management continued to hurt the
bottom line.

The Montreal-based company has been trying to move past a
far-reaching scandal involving allegations of fraud and bribery,
and to deal with a remaining backlog of more than C$600 million
in challenging projects.

Aug 7, 2014

Air Canada has Q2 profit but falling yields hit shares

Aug 7 (Reuters) – Air Canada notched a higher
operating profit on Thursday but its push into new overseas
routes, with longer flights and lower margins, took a toll and
sent its stock down nearly 7 percent.

Canada’s largest carrier said yields, or passenger revenue
per available seat mile, a key measure of revenue, fell in the
quarter. Besides adding new routes, the carrier also boosted the
number of flights and added more seats to major European
destinations.

Jul 30, 2014

Bombardier restructuring exposes liquidity, debt risks -analysts

TORONTO, July 30 (Reuters) – Bombardier Inc’s
unexpected aerospace restructuring announcement last week casts
an uncomfortable light on the division’s ongoing struggles, with
credit rating firms uncertain about its longer term prospects.

The restructuring, which was announced July 23, eight days
before the release of second-quarter results on Thursday, is the
latest bad news for the beleaguered unit, bruised in recent
years by multiple delays in its cash-draining CSeries program
and by shrinking market share for its existing aircraft
portfolio.

Jul 23, 2014

Canada’s rail safety measures: earlier and tougher than U.S.

TORONTO/OTTAWA July 23 (Reuters) – Canada quietly issued new
details on rail safety regulation last week that included
specifications for the next generation of tank cars that are
tougher than some of the options proposed by the U.S. Department
of Transportation on Wednesday.

The safety proposals by Transport Canada for hauling
dangerous goods, released online on Friday, builds on measures
first announced in April that will require older DOT-111 rail
cars used for carrying crude oil be phased out by May 2017.

Jul 17, 2014

CP Rail sees more growth as 2nd quarter tops forecasts

TORONTO, July 17 (Reuters) – Canadian Pacific Railway Ltd
reported stronger-than-expected results on Thursday, and
said rising freight volumes and prices should push already
record results to new highs later this year.

The shares of the Calgary-based railway, which have risen
some 20 percent since its last quarterly report, surged as much
as 4.7 percent on the news.

    • About Solarina

      "I am a Canadian transportation, retail and markets correspondent. I occasionally moonlight in entertainment and lifestyle news. I was formerly a homepage editor for Reuters.com, and an online news editor for Reuters.com, .co.uk and .ca. Life before Reuters included working in China and freelancing in California."
      Joined Reuters:
      2003
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