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. CP moved 25.8 million metric tons of western Canadian grain and grain products, soybeans and other nonregulated principal field crops during the 2017-2018 crop year, up 1 percent over the 2016-2017 crop year and 1 percent above its three-year average, according to a CP press release. 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. 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.