CPKC forth quarter report shows lower grain volumes

Feb 21, 2024

Canadian Pacific Kansas City recently released its fourth-quarter report showing Canadian grain volumes are down 15 percent on a year-over-year basis. driven by the weak harvest.

The Assistant Vice President of Sales and Marketing for Bulk, Elizabeth Hucker, says their Executive Vice President and Chief Marketing Officer John Brooks noted that a key factor in the drop is the weak harvest in 2023-2024.

She notes that was especially true for the CPKC draw area in Southern Alberta and Southern Saskatchewan.

Hucker says they are monitoring the situation for the new crop year and are encouraged by the fact they continue to see their customers investing in growth and the CPKC 8500 foot train model.

"By the end of 2024 this year, 60 per cent of our franchise in Canada will be 8500 foot capable. This includes the most recent investments by Richardson International and their own elevator network. The 8500-foot model delivers significant efficiencies for both CPC, but also our customers. "

She adds that when combined with CPKC's most recent hopper car investment, they can move over 40 per cent more grain per train, by leveraging the value of that car acquisition as well as the longer train.

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Video: Why Invest in Canada’s Seed Future? | On The Brink: Episode 3

Darcy Unger just invested millions to build a brand-new seed plant on his farm in Stonewall, Manitoba so when it’s time for his sons to take over, they have the tools they need to succeed.

Right now, 95% of the genetics they’ll be growing come from Canadian plant breeders.

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When fusarium hit Western Canada in the late 90s, it was Canadian breeders who responded, because they understood Canadian conditions. That ability to react quickly to what’s happening on Canadian farms is exactly what’s at risk when breeding programs lose funding.

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On The Brink is a year-long video series traveling across Canada to meet the researchers, breeders, farmers, seed companies, and policymakers shaping the future of Canadian plant breeding. Each week, a new story. Each story, a piece of the bigger picture.

Episode 3 is above. Follow Seed World Canada to catch every episode, and tell us: Do you think the next generation will have the tools they need to success when they takeover? How is the future going to look?