Canadian Pacific Railway says it moved a record quantity of grain in the final three months of 2019.
The Calgary-based railway says it moved 7.9 million tonnes of grain and grain products, breaking a record set in the fourth quarter of 2018 by 400,000 tonnes.
The company says it set a all-time monthly record in November by moving 2.74 million tonnes, October was the second-best month at 2.66 million tonnes and it had its best December with 2.5 million tonnes.
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As of Dec. 31, CP Rail moved 12.17 million tonnes of grain for the 2019-2020 crop year, up 2.1 per cent from the prior year.
The 2019 calendar year, which includes two crop years, had a record 27 million tonnes of grain.
READ MORE: Canada’s 2 largest railways moved record amounts of grain in April
Canada’s second-largest railway had more than 2,170 new high-capacity hopper cars that can carry 44 per cent more grain and plans to have 3,300 by the end of 2020. The company plans to spend about $500 million on acquiring 5,900 new hopper cars over four years.
“2019 has been a banner year for CP and the Canadian grain supply chain despite the challenging economic and environmental conditions,” said Joan Hardy, CP’s vice-president sales and marketing, grain and fertilizers.
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