By Colin Kellaher
Canadian National Railway Co. Tuesday said it moved a record amount of grain during the 2020-2021 crop year.
On grain traffic:
The Montreal railroad said it moved more than 31 million metric tons of Canadian grain and processed grain products via carload during the 2020-2021 crop year. That topped the prior record of 29.4 million metric tons set in the 2019-2020 crop year.
Canadian National said it moved more than 1.1 million metric tons of grain from Western Canada via containers during the crop year.
Canadian National said plans it announced in May to acquire 1,000 new-generation, high-capacity, grain hopper cars will help meet the growing needs of grain farmers and grain customers and are part of a larger 3,500 hopper car fleet-renewal program over the next three years. Building on a program that began in 2018, Canadian National said its new generation fleet will grow to 6,000 hopper cars.
Canadian National said its proposed acquisition of Kansas City Southern will introduce new options for Canadian farmers and grain costumers to ship both grain and processed grain products, creating a new single-line service to a wider array of destinations in the U.S. and Mexico and an end-to-end transportation network across North America.
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(END) Dow Jones Newswires