CP reports best ever year, quarter, December for Canadian grain transport
Canadian Pacific moved 31.32 million metric tonnes (MMT) of Canadian grain and grain products in 2020, more than any prior calendar year in its history, the company announced Monday. At year’s end, CP also completed its best ever quarter and best ever December for hauling these commodities.
In the fourth quarter of 2020, CP moved 8.84 MMT of Canadian grain and grain products, which beats 2020’s second quarter, the previous record, by 5.1 percent. December 2020 totals came in at 2.84 MMT, beating out the previous record set in 2019 by 13.6 percent.
CP continues to invest in its grain fleet with additional hopper cars coming into service each week. CP has added more than 3,700 new hopper cars to its fleet via purchase or lease. The new high-efficiency railcars carry 15 percent more grain by volume and 10 percent more by weight compared to the older cars they are replacing.