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Rail News: Canadian Pacific
In October, Canadian Pacific
moved 3.14 million metric tons (MMT) of grain, breaking its all-time monthly grain volume record set in October 2020 by more than 100,000 metric tons.
Through the first 13 weeks of the 2022-23 crop year, the Class I has transported more than 6.9 MMT of grain and grain products. That significant current volume exceeds the supply commitments outlined in CP’s annual grain plan
, said Joan Hardy, the railroad’s vice president of sales and marketing-grain and fertilizers, in a press release.
“It is critical that all supply-chain participants, including customer loading facilities and terminal operators loading grain into vessels at ports, operate at full capacity to sustain this strong momentum,” she said. “We saw that demonstrated in October, particularly with the unloading success of terminals on Vancouver’s South Shore.”
This year, CP is completing a $500 million investment to acquire 5,900 new high-capacity grain hoppers. Including leased hoppers, the Class I expects more than 7,300 new high-capacity hoppers to be in active service by 2022’s end, enabling the railroad to move more grain in each train via its 8,500-foot High-Efficiency Product operating model
“Transporting record volumes of grain would not be possible without the significant investment that has been made by our customers in new and upgraded grain-handling capacity, and the investment made by CP in infrastructure and high-capacity hopper cars,” said Hardy.