Railroads Move Record Volumes of Canadian Grain
Year-to-date, U.S. Class I railroads have originated 5% fewer grain carloads compared to last year
Canadian National Railway (CN) and Canadian Pacific Railway (CP) recently announced they hauled record amounts of Canadian grain and grain products in the 2018/19 crop year, which ended July 31.
According to the USDA Grain Transportation Report, CN stated it shipped more than 27 million metric tons (mmt) of Canadian grain, a 4% increase from last year.
In 2018/19, CP shipped almost 27 mmt of Canadian grain and grain products, 3% higher than the prior year.
According to the Surface Transportation Board’s rail performance data, CP and CN also originated about 4% fewer grain carloads in the U.S. during the August 2018 through July 2019 timeframe.
Grain carloads are also down for U.S. railroads. Year-to-date, U.S. Class I railroads have originated 5% fewer grain carloads compared to last year.