Canada’s Class 1 railroads, Canadian National and Canadian Pacific are reporting record numbers for grain movements in the third quarter. Canadian National reported that it moved 7.76 million metric tons (MMT) (8.5 tons) in the third quarter of 2020. Canadian Pacific announced it moved 7.72 MMT (8.5 tons) in the third quarter.
CN’s Vice President of Bulk, Allen Foster said “Harvest conditions have been very good so far. Demand for Canadian grain is currently strong across global markets. CN will continue to enable our customers’ supply chains to get our natural resources to world markets.”
Joan Hardy, CP’s vice president of sales and marketing for grain and fertilizers said “Customers tell us the crop that continues to come off the fields is large, and CO is ready to keep it moving.”
Both railroads said new high-capacity grain cars helped them to move these record amounts of grain. CN has 1,500 new cars, and CP has 3,200.