CN, CP Deliver November Grain-Move Records
CN and Canadian Pacific (CP) have again reported record grain moves for November.
CP
CP, CN Recognized as Sustainability Leaders
Canadian Pacific and CN have been added to the 2020 Dow Jones Sustainability Index (DJSI) North America. CN is also listed on the 2020 DJSI World.
A Grain-Move First: CN, CP Exceed 3 MMT in October
CN and Canadian Pacific (CP) each moved more than 3 million metric tons (MMT) of grain in October—a first, as neither had ever exceeded that amount in one month.
CP Elevates Two Grain Elevators
Canadian Pacific (CP) has presented its annual Elevator of the Year award to Viterra Gull Lake (Canada) and CHS Northland Grain Hazel (U.S.).
CP 3Q20: Steadily Building Momentum Amid Pandemic (UPDATED)
Canadian Pacific (CP) announced that its third-quarter 2020 financial and operating results played out as “expected,” as the railroad “steadily built momentum” and “persevered” through 2020.
CP, A.P. Moller-Maersk: Growing Partnership, Intermodal Capacity
Canadian Pacific Railway (CP) will start moving A.P. Moller-Maersk traffic through the ports of Vancouver and Montreal on March 1, 2021, under a multi-year rail agreement. It applies to both dry and refrigerated freight.
CP: Improving Information-Sharing with Blockchain-Based Platform
Canadian Pacific’s (CP) intermodal shippers can now use the blockchain-based TradeLens platform to securely and transparently transfer container-shipping documents. The open-API platform will help them create, amend and share documents with consignees, beneficial cargo owners, customs agencies, dray operators, steamship lines and others.
CP Sets Another Grain Record
For Canadian Pacific (CP), the third quarter brought record shipments of Canadian grain and grain products. The Class I moved 7.72 million metric tonnes (MMT) over the past three months—up 10.8% since its previous third-quarter record of 6.97 MMT in 2014. It also set a new September record for these shipments, moving 2.8 MMT and beating the prior September 2017 record by more than 8.4%.
Cowen: Is the COVID-19 Recovery Sustainable?
Intermodal’s growth path may help railroads sustain COVID-19 recovery. “Participants from Class I railroads were positive on current trends and cautiously optimistic that these trends can continue for the remainder of 2020 and beyond,” Cowen and Co. analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Adam Kramer reported, following their attendance and participation at the North East Association of Rail Shippers (NEARS) Fall 2020 Virtual Conference. “Continued tightness in trucking is benefiting intermodal.”
CP: Building Capacity in Vancouver, Montreal
Canadian Pacific Railway and Maersk will build and operate a transload and distribution facility that will expand CP’s existing Vancouver Intermodal Facility. It is slated to open in 2021. In Montreal, CP has opened a new transload facility.