CP breaks all-time tonnage shipping record
November 7, 2022 | By Monica Ferguson
Canadian Pacific (CP) broke its monthly record for shipping Canadian grain and grain products, moving 3.14 million metric tonnes (MMT) in October 2022. This makes October 2022 CP’s biggest month ever for moving these products, breaking the previous monthly record set in October 2020 by more than 100,000 metric tonnes.
“This remarkable achievement is a testament to the collaboration between CP and our customers, to our railroaders, and to the hard work of so many throughout the supply chain,” said Joan Hardy, vice-president sales and marketing, CP. “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. CP’s 8,500-foot High Efficiency Product (HEP) model is adding much-needed capacity to allow more grain to move than ever before.”
Through the first 13 weeks of the 2022-2023 crop year, CP shipped more than 6.9 MMT of grain and grain products.
This year CP is completing its $500 million investment to acquire 5,900 grain hopper cars. Including leased hoppers within CP’s fleet, more than 7,300 high-capacity hoppers will be in service by the end of 2022, enabling the transportation of more grain in each train.