CP Sets Record Quarter for Canadian Grain Movements

source: Canadian Pacific

加拿大太平洋在2019年的最后一个季度移动了加拿大谷物和谷物产品的更多，比公司历史上的任何一个季度。运输总计的加拿大谷物和谷物产品为790万吨（MMT），使该公司以前的季度从2018年第四季度打破了40万吨：

• October: 2.66 MMT (second-best month on record)
• November: 2.74 MMT (an all-time monthly record)
• December: 2.50 MMT (the best-ever December)

As of Dec. 31, 2019, CP's movement of grain for the 2019-2020 crop year was 12.17 MMT, up 2.1% over last year. The 2019 calendar year, which includes portions of two separate crop years, was a record at 27 MMT.

"2019 has been a banner year for CP and the Canadian grain supply chain despite the challenging economic and environmental conditions," says Joan Hardy, CP's Vice-President Sales and Marketing, Grain and Fertilizers. "These month-after-month records are a testament to the hard work from everyone involved: from field to rail to port, all stakeholders have collaborated closely to ensure we are delivering for farmers and the Canadian economy."

CP now has more than 2,170 new high-capacity hopper cars in its fleet and plans to have 3,300 cars by the end of 2020. These cars are part of CP's plan to spend approximately $500 million on acquiring 5,900 new hopper cars over four years, as announced in June 2018. The high-efficiency hopper cars are contributing to the capacity that CP is offering for the movement of grain. Shippers are loading more than one tonne of extra grain per car compared to the same period last year.

CP's 8,500-foot High Efficiency Product (HEP) train model is a significant factor in CP's record-breaking quarter. As of today, 15% of the high-throughput elevators that CP services are handling these longer, high-efficiency trains, which can carry up to 44 percent more grain per train. By the end of 2020, it is expected that more than a quarter of CP-served train-loading facilities will be HEP-qualified.

"The CP team has worked hard to support our customers' supply chains through this challenging fall," says Hardy. "Late harvest, rainy periods in Vancouver and other disruptions threatened to slow the movement, but tight planning with customers enabled us to keep the grain moving. We recognize that there is crop left to harvest in spring due to the wet conditions this past fall, and the entire supply chain will need to work together to maximize its efficiency and move the balance of the crop. With the investments made in facilities and in the supply chain by CP and shippers, I'm confident that the Canadian grain industry will continue to deliver strongly and efficiently."