Canadian Pacific plans to invest more than a half-billion dollars in nearly 6,000 new high-capacity grain hopper cars, and expects to place more than 500 in service before the end of 2018, increasing capacity of its unit grain trains. National Steel Car, Hamilton, Ont., has received CP’s initial order for 1,000 units.
National Steel Car
CN has ordered 1,000 high-cube grain hopper cars from National Steel Car, Hamilton, Ont., to replace aging equipment and accommodate increasing annual Western Canadian crop yields. The order closely follows the Canadian government’s passing of Bill C-49, the Transportation Modernization Act.
At Cowen and Company’s Eighth Annual Global Transportation Conference, analyst Matt Elkott hosted a railcar outlook and overview discussion panel featuring Railroad Financial Corp. President and Railway Age Financial Editor David Nahass, Northeast Logistics Systems LLC Founder and Principal Richard Flynn, and National Steel Car Senior Vice President Marketing and Sales Bob Pickel.
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