CN continues record-setting grain movements, remains current in all export and North American corridors
09 Feb, 2015, 09:30 ET
CN moved 18 per cent more grain hopper cars in first-half of 2014-15 crop year than during same period of 2013-14 crop year
MONTREAL, Feb. 9, 2015 /CNW/ - Claude Mongeau, president and chief executive officer of CN (TSX: CNR) (NYSE: CNI), said today CN is continuing its record-setting pace of grain movements and remains fully in sync with the grain supply chain in Western Canada.
By the end of January 2015 -- half-way through the 2014-15 Western Canada grain crop year -- CN had transported 18 per cent more loaded grain covered hoppers in Western Canada than during the comparable period of the 2013-14 crop year.
During the 2013-14 crop year, CN helped Canada to dispose of its largest-ever crop -- at 77 million tonnes -- and set an all-time record for grain exports at 42 million tonnes. CN's strong performance in 2014-15 is helping Canada's grain supply chain to be on track for another banner year.
The cumulative grain tonnage moved by CN since March 2014, when the federal government instituted minimum grain volumes for the major railways, has exceeded the company's mandated volumes by two million metric tonnes.
Mongeau said: "CN is working closely with its grain customers to make sure all end market segments receive proper service, and we are current in all the corridors we serve for grain destined to overseas and North American markets.
"CN is proud of its performance and the role it's playing in helping Canadian grain growers efficiently reach world markets with exceptional volumes of grain for a second straight year."
CN is a true backbone of the economy, transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network spanning Canada and mid-America. CN - Canadian National Railway Company, along with its operating railway subsidiaries -- serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company's website at www.cn.ca.
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