CN moved 2.9 million metric tons (MMT) of western Canadian grain in April, exceeding the previous April record of 2.82 MMT set in 2020 and more than 5% ahead of the three-year average of 2.75 MMT. So far, during the 2020-2021 crop year, CN has moved more than 25.6 MMT of Canadian grain via carload. This is an increase of 17% compared to the previous crop year to-date record of 21.9 MMT established in the 2018-19 crop year, CN officials said in a press release. Containerized grain shipments direct from western Canada are also on record pace at more than 860,000 metric tons shipped crop year to-date, in addition to the tonnage shipped from eastern Canada. “Needless to say, the valuable cooperation of our agri-food and supply chain partners was key to achieving these results,” said James Cairns, senior vice president of rail centric supply chain at CN. “We believe that our long-term investment strategy was important in setting these 14 consecutive records, but none of this would have been possible without everyone's dedication.”
The Surface Transportation Board (STB) has found that formal board review of the voting trust agreement for use in connection with the proposed transaction between Canadian Pacific Railway and Kansas City Southern Railway is warranted.
In the decision, the board determined that the proposed arrangement is acceptable with certain modifications, STB officials said in a press release.