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CN anticipates record grain shipments; CP says it’s also moving more grain

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WINNIPEG — Canadian National Railway says it is on track to move record quantities of western Canadian grain after a strong June, and Canadian Pacific Railway says it’s moved more grain this year as well.

CN Rail says it transported more than 2.3 million tonnes of grain last month.

The total was up nearly 16 per cent from the 1.99 million tonnes moved last year and above the three-year average of 1.8 million tonnes.

Allen Foster, CN’s vice-president of bulk goods, says it is optimistic that the strong pace of shipments in June will continue through to the end of the crop year and the railway can build on its record pace.

After 11 months of the 2018-19 crop year, the Montreal-based railway is on record pace at 25.5 million tonnes shipped.

CN chief executive JJ Ruest says the railway is investing $210 million in rail capacity in North Vancouver, B.C., to support expanding coal and grain export terminals.

Calgary-based Canadian Pacific says it shipped more than 24.8 million tonnes of grain products since the start of the crop year, 3.3 per cent ahead of last year.

That includes 2.23 million tonnes moved in June.

Companies in this story: (TSX:CNR, CP)

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