Canadian Pacific moved a record amount of Canadian grain and grain products during the 2018-2019 crop year. The final tally for the crop year stands at 26.8 million metric tonnes (MMT) of Canadian grain and grain products, 2.8 percent more than the prior record set in the previous season and 3.9 percent more than the three-year average.
CP’s 8,500-foot High Efficiency Product (HEP) train model, announced last summer, continues to gain significant traction with CP customers. Construction is currently underway at five CP-served facilities in Canada, enabling producers to start shipping under the HEP train model this fall. These add to the seven existing CP-served 8,500-foot loop-track facilities. Four additional 8,500-foot HEP-qualified facilities will be operating by spring 2020.
CP now has nearly 1,500 new high-capacity hopper cars in its fleet, and at year’s end, more than 1,900 of the new hopper cars will be in service. The fleet will continue to grow in the years ahead, as part of CP’s $500 million commitment to invest in 5,900 new hopper cars. Shippers are able to load up to 10 percent more grain in these cars compared to the older, less-efficient hopper cars they are replacing.
CP has submitted its 2019-2020 Grain Service Outlook Report to the Minister of Transport. The report outlines CP’s plan to move the upcoming crop, including where CP will invest capital to support western Canadian grain movements. CP is closely watching crop forecasts for its service area, and is in regular communication with customers and the broader grain supply chain.
Joan Hardy, CP Vice-President Sales and Marketing, Grain and Fertilizers, said: “We continue to make record investments in our network, hire more running trades employees to operate trains, and modernize locomotives to meet the needs of our customers and the North American economy. CP has been moving grain for more than a century, and today more than ever, we are focused on driving the future of grain transportation for the benefit of the entire supply chain.”