CN’s new record grain movement announces strong start to 2021
CN has announced that for the eleventh consecutive month it has set a new record by shipping over 2.95 million t of Canadian grain and processed grain products via carload in January.
This figure exceeds the previous January record set in 2019 of 2.33 million t by 27%, as well the three-year average of 2.24 million t by 32%.
This brings the volume of grain moved via carload in the first half of the 2020 - 2021 crop year, which spans from early August to the end of the following July, to over 17.5 million t. This is 24% higher than the three-year average of 14.1 million t, and 17% higher than the record of 14.9 million t set in the 2018 - 2019 crop year.
CN is also breaking records with over 600 000 t of grain moving direct from western Canada via container, in addition to volumes shipped from eastern Canada.
Rob Reilly, executive vice-president and chief operating officer at CN, commented: “What great news to start off 2021. I could not be prouder to see such fluidity and collaboration across all supply chains at the same time, especially in Canadian grain. We know that harsher weather is always just around the corner, so it is critical that we keep up the pace and collaboration that we have seen in the first half of the crop year to keep goods moving. I want to thank our railroaders, the ports, Canadian grain farmers, as well as all of our supply chain partners; this ongoing collaboration and constant communication is critical to the recovery of the North American economy.”
CN’s continued ability to deliver record amounts of goods is largely due to the investments in capacity done by the railroad over the past few years. Since 2018, CN has invested over CAN$10 billion in track, locomotives and railcars, including the purchase of over 2500 new high capacity grain hopper cars.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/03022021/cns-new-record-grain-movement-announces-strong-start-to-2021/
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