Canadian Pacific (CP) said it is working to improve the railway's efficiency ahead of moving this year's grain crop, following the Transportation Modernization Act. During the 2017-2018 season CP transported 25.8 million metric tonnes of grains, up 1% on the previous season. The company is aiming to designate 5,500 hopper cars a week to transport Canadian grain until the autumn, when the weekly figure would drop to 4,000 cars. In an interview with CBC News, CP president and CEO Hunter Harrison says that while he doesn't expect rail traffic to increase in 2019, there will be some relief for shippers as they move their grain.
Canadian Pacific (CP) said it is working to improve the railway's efficiency ahead of moving this year's grain crop, following the Transportation Modernization Act. During the 2017-2018 season CP transported 25.8 million metric tonnes of grains, up 1% on the previous season. The company is aiming to designate 5,500 hopper cars a week to transport Canadian grain until the autumn, when the weekly figure would drop to 4,000 cars. CP is also investing CAD500m ($384.5m) on 5,900 high-capacity grain hoppers, and developing an 8,500-foot train model which, when combined with the new hoppers, will haul 44% more grain per train.