CN breaks multiple grain records
Published by Jessica Casey,
CN has recently announced that it has achieved another monthly record in June, moving 2.7 million t of Canadian grain, compared to the previous record of 2.44 million t. The company also achieved the best first half of the year, with 15 million t moved 1H20 compared to the previous record of 13.9 million t. This represents a new all-time best quarter with 8.15 million t moved compared to the previous record of 8.08 million t and compared to 7.4 million 2 during 2Q19.
June is also CN’s fourth consecutive month of record grain movement, contributing to the company’s record pace crop-year-to-date through June of 26.9 million t against the previous record of 26.5 million t set last crop year. In addition, CN has moved over 1 million t of Canadian grain from the Prairies crop year to-date via container, contributing to the company’s record pace of Canadian grain intermodal shipments.
"From Canadian farmers to port terminals, these achievements are a testament to the strength of our supply chain and its ability to meet the continued strong global demand for grain. Strong demand for grain through 2Q20, coupled with strong execution by CN’s dedicated team of railroaders, allowed us to achieve our record quarterly results and for 1H20. Those results come after challenges earlier in the crop year. 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,” commented James Cairns, Senior Vice-President Rail Centric Supply Chain, CN.
Allen Foster, Vice-President, Bulk, CN, added: “CN is proud to play an important role in providing an essential service for the agri-food supply chain, and in the face of our current global market environment, CN’s team has enabled us to have such an exceptional season. Despite all the difficulties we faced earlier this year, we are confident that the high volume of shipments experienced in June will continue until the end of the crop year and that CN and our partners of the supply chain will continue to deliver for the grain industry.”
Read the article online at: https://www.drybulkmagazine.com/rail-barge/08072020/cn-breaks-multiple-grain-records/
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