CN Rail sees record grain movement for 12th straight month

CN Rail sees record grain movement for 12th straight month

Canadian National Railway (CN Rail) continues to move grain and processed grain products at a record pace, according to update data from the company.

The firm reported 2.28 million tonnes moved via carload in February coming in seven per cent above the previous record for the month set in 2019.

CN has moved over 19.7 million tonnes of grain during the first seven months of the 2020-21 (Aug.-July) crop year, according to the report. That’s up by 24 per cent from the previous three-year average and 17 per cent above the previous record.

“We are proud of the accomplishments of our team of railroaders despite the fact that the first half of the month of February was characterized by a severe cold outbreak,” said Rob Reilly, CN’s executive vice-president and chief operating officer in a news release.

“The resulting challenging operating conditions across a large part of our network did not prevent them from ensuring that our network was running safely and that we kept meeting our customers’ needs during this period,” Reilly added.

He also noted that investments in air distribution cars and automated track inspection technology contributed to greater safety and higher productivity.

Since 2018, CN has invested over $10 billion in track, locomotives, and rail cars, including the purchase of over 2,500 new high-capacity grain hopper cars, according to the release.

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Phil Franz-Warkentin - MarketsFarm

Phil Franz-Warkentin writes for MarketsFarm specializing in grain and commodity market reporting.

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