CP Notches Best Quarter, June for Grain Transportation
Written by Andrew Corselli
Canadian Pacific (CP) recorded its best-ever quarter and June for moving Canadian grain and grain products.
In 2Q20, CP moved 8.41 million metric tonnes (MMT) of Canadian grain and grain products, which broke the previous record of 7.9 MMT in 4Q19. And in June 2020, CP moved 2.76 MMT of Canadian grain and grain products, which broke the previous June record of 2.4 MMT set in 2014.
CP’s strong fall and winter performance established momentum going into spring. By March 31, CP was 6% ahead of where it was at the same point in the record-setting 2018-2019 crop year, and has continued to build on that momentum. Crop-year volumes to date are now 8.8% ahead of last year’s pace.
“The collaborative relationships CP has built with its customers, combined with responsive rail service, have contributed to another quarter of record-breaking grain movements,” said Joan Hardy, CP’s VP Sales and Marketing Grain and Fertilizers. “We thank our customers and CP family members who work safely and with purpose each day to keep this essential service moving in support of the Canadian agricultural industry. I am proud to be a CP railroader.”
“CP continues to reliably deliver for the Canadian producers whose products feed the world,” Hardy said. “The strength of the CP network and operating model continue to show themselves in these achievements. We stand ready to meet what we expect will be strong demand in the final month of the 2019-2020 crop year.”
