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

robbery
UPDATE: Shooting suspect arrested by Wetaskiwin/Camrose RCMP

Rimbey RCMP had responded to a complaint of an armed robbery at the Bluffton City General Store

Quality Inn & Suites in Rimbey. Photo Submitted
Rimbey hotel gets new lease on life

The Quality Inn & Suites in Rimbey is now open and taking bookings

Leanne Evans, Rimbey Neighbourhood Place Program Coordinator, accepts a donation of $5,000 from Kevin Maxwell manager of Field Support for Telus. (Photo Submitted)
Rimbey Neighbourhood Place making big changes behind the scenes

Rimbey Neighbourhood Place recently recieved a $5,000 donation from Telus

Alberta chief medical officer of health Dr. Deena Hinshaw updates media on the Covid-19 situation in Edmonton on Friday March 20, 2020. nbsp;Alberta is reporting it's highest daily number of COVID-19 cases, with 364 new infections. THE CANADIAN PRESS/Jason Franson
Alberta confirmed 323 COVID-19 cases Tuesday

Central zone active cases at 145

Health Minister Tyler Shandro and Dr. Deena Hinshaw, the chief medical officer of health, receive flu shot. Photo via Government of Alberta
COVID-19: One more death in central zone

Ponoka County on province’s watchlist

Alberta Premier Jason Kenney arrives for an announcement at a news conference in Calgary, Alta., Tuesday, Sept. 15, 2020.	Kenney is isolating at home after one of his ministers tested positive for COVID-19. THE CANADIAN PRESS/Todd Korol
Alberta premier isolating after minister tests positive for COVID-19

Alberta Premier Jason Kenney is isolating at home

RCMP. (Phil McLachlan - Black Press Media)
British Columbia man dies during ski trip near glacier west of Calgary

Kananaskis Public Safety and Alpine Helicopters responded around 2:30 p.m.

Prime Minister Justin Trudeau arrives on Parliament Hill in Ottawa on Monday, Oct. 19, 2020, following a week-long break for the House of Commons. THE CANADIAN PRESS/Sean Kilpatrick
One crisis after another for Trudeau since last federal election one year ago

It has been a year of unprecedented calamity and crisis

Alberta's provincial flag flies on a flag pole in Ottawa, Monday, July 6, 2020. Advisers are reportedly recommending Alberta's kindergarten to Grade 4 arts and social studies curriculum remove all references to residential schools because it's "too sad" for young children. THE CANADIAN PRESS/Adrian Wyld
Advisers suggest Alberta students not learn about residential schools before Grade 4

Documents suggest children younger than Grade 4 are too emotionally vulnerable to learn about residential schools

File photo
RCMP’s response to online discussions about anti-racism demonstrations

Ponoka RCMP Staff Sgt.’s comments misattributed online

Shaelynn Decock and her dog Taco, who has been missing since Aug. 26. Photo Submitted
Sylvan Lake woman looking for closure for her stolen dog

Shaelynn Decock says it has been two months since she last saw her dog Taco

Prime Minister Justin Trudeau is seen during a news conference Tuesday October 20, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Trudeau and his family decide against trick-or-treating this year due to COVID

Adhering to local health authorities, Trudeau urges Canadians to do their part in following those guidelines

Natural Resources Minister Seamus O’Regan responds to a question during Question Period in the House of Commons Tuesday February 4, 2020 in Ottawa. The Alberta government is welcoming news that Ottawa has approved an expansion of the Nova Gas Transmission Ltd. gathering system in Alberta — while condemning federal delays that it says cost this summer’s construction season. THE CANADIAN PRESS/Adrian Wyld
Alberta welcomes federal approval of gas pipeline expansion while criticizing delay

The project is expected to create up to 2,920 direct jobs during construction, the federal release said

Most Read