Business & Policy
CP sets new monthly record for grain shipments
November 7, 2022 By Top Crop Manager
Canadian Pacific (CP) broke its all-time monthly record for shipping Canadian grain and grain products in October, moving 3.14 million metric tonnes (MMT). This makes October 2022 CP’s biggest month ever for these products, breaking the previous monthly record set in October 2020 by more than 100,000 metric tonnes.
Through the first 13 weeks of the 2022-2023 crop year, CP shipped more than 6.9 MMT of grain and grain products.
“Transporting record volumes of grain would not be possible without the significant investment that has been made by our customers in new and upgraded grain-handling capacity and investment made by CP in infrastructure and high-capacity hopper cars,” said Joan Hardy, CP’s vice-president of sales and marketing, grain and fertilizers. “CP’s 8,500-foot high-efficiency product (HEP) model is adding much-needed capacity to allow more grain to move than ever before.”
This year, CP is completing its $500 million investment to acquire 5,900 new high-capacity grain hopper cars as part of the company’s commitment to the agriculture sector. Including leased hoppers within the fleet, CP grain customers can expect to see more than 7,300 new high-capacity hoppers in active service by the end of 2022, enabling the transportation of more grain in each train.
Effective crop year and winter planning helps prepare the railway so that CP can serve the needs of its customers, and by extension, the broader economy. CP has outlined its grain service outlook and its winter contingency measures in plans available on cpr.ca.