CN to purchase 1500 new hopper railcars in North America
Published by Jessica Casey,
Editor
Dry Bulk,
CN has recently announced that it plans to acquire 1500 new generation, high-capacity grain hopper cars, with delivery starting in January 2021. These new railcars will encourage the economic recovery through job creation in the North American manufacturing sector and help CN continue to meet the growing needs of grain farmers and grain customers.
JJ Ruest, President and CEO of CN, said: “This investment, combined with our 2020 CAN$2.9 billion capital investment programme, will help us move more grain. We are confident in the future of the grain business and its key role in CN’s long-term growth. By investing in the construction of these new cars, we want to help quickly stimulate the North American economy by supporting manufacturing and agriculture related jobs.”
James Cairns, Senior Vice-President, Rail Centric Supply Chain, CN, added: “CN’s Canadian grain movements continue to break records, month after month, and these new higher-capacity hopper cars will help perpetuate our growth in this key sector of the North American economy. By purchasing new hopper cars for the second time in 2 years, we are continuing to deliver on our commitment to grain farmers, grain customers and the overall supply chain to expand our collective capacity through fleet renewal. Through this investment, we will be able to support and expand our movements of grain to international markets as demand continues to increase.”
Read the article online at: https://www.drybulkmagazine.com/rail-barge/22072020/cn-to-purchase-1500-new-hopper-railcars-in-north-america/
You might also like
North American rail traffic sees gains
The AAR has reported US rail traffic for the week ending 20 April 2024.