Canadian Pacific is reporting its best-ever June and it's best quarter for moving Canadian grain and grain products.
The two records are the latest in a standout crop year of linking Canadian producers to worldwide markets.
Joan Hardy, CP's Vice-President Sales and Marketing Grain and Fertilizers, says the collaborative relationships CP has built with its customers, combined with responsive rail service, have contributed to another quarter of record-breaking grain movements.
The two latest records are:
- In 2020's second quarter, CP moved 8.41 million metric tonnes (MMT) of Canadian grain and grain products. This broke the previous record of 7.9 MMT in the fourth quarter of 2019
- In June 2020, CP moved 2.76 MMT of Canadian grain and grain products. This broke the previous June record of 2.4 MMT set in 2014
Crop-year volumes to date are now 8.8 percent ahead of last year's pace.
CP notes this year's successes also attest to the efficiency of the 8,500-foot High-Efficiency Product (HEP) train which can carry over 40 per cent more grain than the 7,000-foot train model when combined with the additional capacity of the new high-capacity hopper cars.
More than 2,700 new high-capacity hopper cars are also now in service and carry 15 percent more volume and 10 percent more weight compared to the older cars they are replacing.Click here to see more...