CP

CP: Improving Information-Sharing with Blockchain-Based Platform

Canadian Pacific’s (CP) intermodal shippers can now use the blockchain-based TradeLens platform to securely and transparently transfer container-shipping documents. The open-API platform will help them create, amend and share documents with consignees, beneficial cargo owners, customs agencies, dray operators, steamship lines and others.

CP moved 7.72 million metric tonnes (MMT) of Canadian grain and grain products over the past three months—up 10.8% since its previous third-quarter record of 6.97 MMT in 2014.

CP Sets Another Grain Record

For Canadian Pacific (CP), the third quarter brought record shipments of Canadian grain and grain products. The Class I moved 7.72 million metric tonnes (MMT) over the past three months—up 10.8% since its previous third-quarter record of 6.97 MMT in 2014. It also set a new September record for these shipments, moving 2.8 MMT and beating the prior September 2017 record by more than 8.4%.

Jason Seidl, Cowen and Co. Managing Director and Railway Age Wall Street Contributing Editor

Cowen: Is the COVID-19 Recovery Sustainable?

Intermodal’s growth path may help railroads sustain COVID-19 recovery. “Participants from Class I railroads were positive on current trends and cautiously optimistic that these trends can continue for the remainder of 2020 and beyond,” Cowen and Co. analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Adam Kramer reported, following their attendance and participation at the North East Association of Rail Shippers (NEARS) Fall 2020 Virtual Conference. “Continued tightness in trucking is benefiting intermodal.”