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Transportation Company - Saskatchewan Government - Government

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Transportation Company - Saskatchewan Government - Government
Company Name Saskatchewan Government
Category Government
Year Founded 1979
Final Year of Operation 2017
Termination Acquired
Country Canada (Details)
Transportation Company - Saskatchewan Government - Government

Company History: Saskatchewan Grain Car Corporation (reporting marks SKPX, SKNX) is a Canadian crown corporation owned by the Government of Saskatchewan established on October 2, 1979 to purchase and rent grain rail cars for the transportation of statutory grains between Saskatchewan and export ports.
The corporation is governed by the Saskatchewan Grain Car Corporation Act.
In 1990 the government investment $55M in the corporation for the purchase of 1,000 new covered rail cars. Priority in the rental of rail cars is given to short-line operators in the province
The provincial government has accepted offers from three Saskatchewan shortline railways to purchase the Saskatchewan Grain Car Corporation’s fleet of 898 hopper cars for $9.7 million.
Big Sky Rail Corp. will buy 663 hopper cars, while Great Western Railway Ltd. will purchase 150 cars.
The remaining 85 cars are being bought by Great Sandhills Railway.
The $9.7 million in total sales averages $10,800 per car.

Brief History:
Canada is a North American country stretching from the U.S. in the south to the Arctic Circle in the north. Major cities include massive Toronto, west coast film centre Vancouver, French-speaking Montréal and Québec City, and capital city Ottawa. Canada's vast swaths of wilderness include lake-filled Banff National Park in the Rocky Mountains. It's also home to Niagara Falls, a famous group of massive waterfalls.

Item created by: Powderman on 2018-01-18 14:51:32

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