CP Rail Ends 2019 On A High Note

Jan 08, 2020

Canadian Pacific has moved more grain in the final quarter of 2019 than in any other quarter in the company’s history.

CP reports shipping totals came in at 7.9 million metric tonnes (MMT), that’s up 400,000 metric tonnes from the fourth quarter of 2018

Breaking it down .... 2.66 MMT was moved in October which was the second-best month on record, 2.74 MMT – an all-time monthly record - was moved in November and 2.50 MMT moved in December.

CP's movement of grain for the 2019-2020 crop year - as of Dec. 31, 2019 - was 12.17 MMT which is up 2.1% over last year.

For the 2019 calendar year, which includes portions of two separate crop years, CP’s grain movement totaled 27 MMT.

CP credits a number of factors for the increase including the purchase of more than 2,000 new high-capacity hopper cars and CP's 8,500-foot High Efficiency Product (HEP) train model.

At this point, 15 % of the high-throughput elevators that CP services are handling the longer, high-efficiency trains, which can carry up to 44% more grain per train.

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