CN Announces Record Crop Year and Increase to Maximum Supply Chain Capacity in 2020-2021 Grain Plan
30 Juli 2020 - 9:15PM
Today, CN (TSX: CNR) (NYSE: CNI) filed and published its 2020-2021
Grain Plan, announcing that it set a new record by moving over 30
million metric tonnes (MMT) of grain from across Canada
during the 2019-2020 crop year. CN also announced that it is
prepared to move up to 7,600 bulk and processed hopper cars per
week outside of winter, and up to 6,100 per week during winter in
the upcoming crop year. During the 2019-2020 crop year, over 28.2
MMT of grain moved from Western Canada as well as over 1.1 MMT
moved through intermodal containers.
“Although we achieved our best grain movement
volumes in 2019–2020, we are far from complacent. As an essential
transportation service to the economy, to our customers, supply
chain partners, and to the communities we serve, we remain
committed to continue making capacity-enhancing investments to our
network and to upgrade our rolling stock, including the purchase of
1,500 additional railcars manufactured in North America in
2020-2021. With all those, we are on our way to reach continuously
improved performances. These investments benefit our grain
customers as well as all those from the other sectors we serve. CN
recognizes that the Grain Plan has been a helpful initiative to
increase supply chain performance and keep everyone focused on
moving annual crops.” - JJ
Ruest, President and Chief Executive Officer, CN
“Over the last year, the CN Agricultural
Advisory Council has been providing CN with insight and feedback
from the Ag community. Our input has improved CN’s
understanding of the issues that matter to farmers and has
helped to contribute to better service. The challenges faced
this year demonstrated how essential transportation is and how
having a collaborative and resilient supply chain can keep goods
moving.” - Alanna Koch, Chair of
the CN Agricultural Advisory Council
The annual Grain Plan is prepared through an
extensive consultation process and with the input of key
stakeholders through an open invitation on the Company’s website.
The plan reviews CN’s performance during the last crop year,
assesses CN’s ability to move anticipated levels of grain during
the upcoming crop year, and it explains specific steps that CN is
taking to ensure it has the necessary capacity to move grain safely
and efficiently for the benefit of farmers, customers and supply
chain partners. CN will continue its monthly update to the plan.
The plan is available here.
CN is a world-class transportation leader and
trade-enabler. Essential to the economy, to the customers, and to
the communities it serves, CN safely transports more than 300
million tons of natural resources, manufactured products, and
finished goods throughout North America every year. As the only
railroad connecting Canada’s Eastern and Western coasts with the
Southern tip of the U.S through a 19,500 mile rail network, CN
and its affiliates have been contributing to community prosperity
and sustainable trade since 1919. CN is committed to programs
supporting social responsibility and environmental stewardship.
Contacts: |
|
Media |
Investors |
Jonathan Abecassis |
Paul Butcher |
Senior Manager |
Vice-President |
Media Relations |
Investor Relations |
1-833-946-3342 |
(514) 399-0052 |
Media@cn.ca |
|
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