CP: “Strong momentum” on heels of record-setting April

Written by Andrew Corselli
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CP's grain cars have been busy.

Canadian Pacific (CP) revealed that, on top of a “strong network performance,” it had a record-setting April, as the Calgary, AB-based railroad delivered a best-ever 2.643 million metric tonnes (MMT) of Canadian grain and grain products.

The performance, besting the previous record from October 2018, came at a time when CP’s “network was close to the highest it has ever been.” Gross ton-miles (GTM) averaged 817 million per day in April, the second-highest average workload of any month on record.

With regards to train length and train weight, April 2019 was the best April in CP history. April train length, excluding local traffic, was an average of 7,576 feet; while train weight, excluding local traffic, was an average of 9,356 tons.

The results, CP believes, are “due to the ongoing efforts of the 13,000-strong CP family, the strength of the precision-scheduled railroading operating model, and continuous communication and collaboration with customers.”

“The first month of Q2 sets us up well for continued success this quarter and beyond, but it hasn’t been without significant effort from our family of railroaders, customers and the broader supply chain,” said CP EVP and CMO John Brooks. “Throughout 2019, the resiliency of our railroaders and our customers has been remarkable. We look forward to continuing to safely deliver for the North American economy in the days, weeks and months ahead.”

Categories: Class I, Freight, Freight Cars, Mechanical, News Tags: , ,