CP Rail announced it hauled more Canadian grain and grain products in the 2020–2021 crop production year than any other crop year during CP’s 140-year history.
CP moved 30.62 million metric tonnes (MMT) this crop year, exceeding last year’s record of 29.52 MMT by 1.10 MMT, or 3.7 percent. This is the fourth consecutive year that CP has broken its annual movement record. Including grain moved in containers, CP moved a total of 31.21 MMT, up 3.4 percent from last crop year.
CP’s 2020–2021 grain movement was 15 percent ahead year-over-year through the fall peak. At the end of March, CP had moved 14 percent more this crop year compared to the record movement last crop year. However, because of market conditions and a tight supply of grain, demand started to fall off in April. Through May, June and July shipper demand was almost 15 percent below the same period last year, and 25 percent below the fall peak demand levels.
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