Canada’s two largest railways move record grain in June, second quarter

Canada’s two largest railways move record grain in June, second quarter

Canada’s two largest railways move record grain in June, second quarter

Canada’s two largest railways moved record quantities of grain in the second quarter after benefiting from another strong month in June.

Canadian National Railway said it is on pace for record shipments of grain this crop year after record movements of Canadian grain last month and the quarter as a whole contributed to its best performance in the first half-year.

The Montreal-based railway said it has moved 26.9 million tonnes so far this crop year that ends July 31, up from 26.5 million tonnes at the same point last year.

In addition, CN has moved more than one million tonnes of Canadian grain from the Prairies crop year to-date via container, contributing to CN’s record pace of Canadian grain intermodal shipments.

CN Rail said it moved 15 million tonnes from January to June, 8.15 million tonnes in the second quarter and 2.7 million tonnes in June, its fourth consecutive monthly high.

The record shipments despite challenges earlier in the crop year demonstrate that the country’s largest railway has been able to meet continued strong global demand for grain, said James Cairns, senior vice-president rail centric supply chain.

“CN’s fourth consecutive record month of grain movement and record total tonnage crop-year-to-date demonstrates the continued positive impacts of CN’s capital investments on increased network capacity and resiliency,” he said in a news release.

Canadian Pacific Railway said it moved a record 8.41 million tonnes last quarter after shipping 2.76 million tonnes of grain and grain products in June.

The Calgary-based railway said it was the best three-month stretch since the 7.9 million tonnes moved in the fourth quarter and best June in six years when 2.4 million tonnes was moved.

“The collaborative relationships CP has built with its customers, combined with responsive rail service, have contributed to another quarter of record-breaking grain movements,” said Joan Hardy, CP Rail’s vice-president sales and marketing grain and fertilizers.

The country’s railways have ramped up shipments of Western grain by using larger hopper cars and trains while customers have been investing in elevator networks to accommodate 8,500-foot trains.

CP Rail said its longer trains can carry in excess of 40 per cent more grain than the 7,000-foot train model when combined with the extra capacity of new hopper cars. More than 2,700 of these high-capacity cars are now in service. They can carry 15 per cent more volume and 10 per cent more weight compared with the older models.

This report by The Canadian Press was first published July 7, 2020.

Companies in this story: (TSX:CNR, TSX:CP)

Ross Marowits, The Canadian Press

Note to readers: This is a corrected story. An earlier version said CN is on pace to move 26.9 million tonnes this year.

Agriculture

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Alberta’s chief medical officer of health Dr. Deena Hinshaw and Premier Jason Kenney say the province would look at adding additional COVID-19 measures in the coming weeks if the virus continues to spread. (Photo by Government of Alberta)
Walk-in COVID-19 vaccination clinic to open in Red Deer

Alberta adds 1,345 new cases of the virus

Boston Pizza is one of the Wetaskiwin restaurants currently setting up a patio for in-person dining. Shaela Dansereau/ Pipestone Flyer.
City of Wetaskiwin to wave permit fees for temporary patio applications

City of Wetaskiwin Council unanimously carried a motion at the regular April… Continue reading

Kevin Buffalo in his traditional chicken dance regalia. (Photo submitted)
3rd Inaugural Grouse Symposium goes online

Virtual symposium will be held April 24

Public health restrictions on non-essential travel and vacation bookings are being increased in B.C. (B.C. government)
COVID-19: B.C. announces signage along Alberta border to discourage non-essential travel

B.C. extends COVID-19 indoor dining, group fitness ban until May 25

In this image from NASA, NASA’s experimental Mars helicopter Ingenuity lands on the surface of Mars Monday, April 19, 2021. The little 4-pound helicopter rose from the dusty red surface into the thin Martian air Monday, achieving the first powered, controlled flight on another planet. (NASA via AP)
VIDEO: NASA’s Mars helicopter takes flight, 1st for another planet

The $85 million helicopter demo was considered high risk, yet high reward

sign
Alberta Biobord Corp. recently hosted a virtual open house from Stettler

The company plans to develop a fuel pellet and medium density fibre board (MDF) plant near the community

Ryan Applegarth. (RCMP photo)
Preliminary hearing date set for Applegarth

Ryan Jake Applegarth appeared briefly before the Ponoka Provincial Court over CCTV… Continue reading

The Rogers logo is photographed in Toronto on Monday, September 30, 2019. THE CANADIAN PRESS/Tijana Martin
Rogers investigating after wireless customers complain of widespread outage

According to Down Detector, problems are being reported in most major Canadian cities

People are shown at a COVID-19 vaccination site in Montreal, Sunday, April 18, 2021, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes
Nothing stopping provinces from offering AstraZeneca vaccine to all adults: Hajdu

Health Canada has licensed the AstraZeneca shot for use in people over the age of 18

Deputy Prime Minister and Minister of Finance Chrystia Freeland responds to a question during Question Period in the House of Commons Tuesday December 8, 2020 in Ottawa. The stage is set for arguably the most important federal budget in recent memory, as the Liberal government prepares to unveil its plan for Canada’s post-pandemic recovery even as a third wave of COVID-19 rages across the country. THE CANADIAN PRESS/Adrian Wyld
Election reticence expected to temper political battle over federal budget

Opposition parties have laid out their own demands in the weeks leading up to the budget

Each spring, the Okanagan Fest-of-Ale is held in Penticton. This year, as a result of the COVID-19 pandemic, the festival will not be held. However, beer is still available. How much do you know about this beverage? (pxfuel.com)
QUIZ: How much do you really know about beer?

Put your knowledge to the test with this short quiz

Most Read