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CP shatters grain haul record

 

CALGARY – Canadian Pacific today announced it hauled more Canadian grain and grain products in the 2020–2021 crop production year than any other crop year during CP’s 140-year history. Working in close collaboration with customers and other participants in the Canadian grain supply chain, CP moved 30.62 million metric tonnes (MMT) this crop year, exceeding last year’s record of 29.52 MMT by 1.10 MMT, or 3.7 percent.

This is the fourth consecutive year that CP has broken its annual movement record. Including grain moved in containers, CP moved a total of 31.21 MMT, up 3.4 percent from last crop year.

« CP’s team of exceptional railroaders, dedicated to providing our customers with service excellence, and the strong execution by our customers and terminal operators, has enabled the supply chain to move more grain than ever before, » said Joan Hardy, CP Vice-President Sales and Marketing, Grain and Fertilizers. « The challenge created by the COVID-19 pandemic over the past 17 months has underpinned the value of strong communication and supply chain collaboration. Despite a sharp reduction in demand this spring, CP and our customers have again broken our movement record, and we celebrate that achievement across the supply chain. »

CP’s 2020–2021 grain movement was 15 percent ahead year-over-year through the critical fall peak, providing the grain customers excellent service at the time when it is most important to their supply chains. This continued through the winter months. At the end of March, CP had moved 14 percent more this crop year compared to the record movement last crop year. However, because of market conditions and a tight supply of grain, demand started to fall off in April. Through May, June and July shipper demand was almost 15 percent below the same period last year, and 25 percent below the fall peak demand levels. (photo CP)

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