CP and CN Rail pierce record 15.4 million tonnes of pellet in 4th quarter

Canada’s dual largest railways changed a record 15.4 million tonnes of pellet in a final 3 months of 2019.

Calgary-based Canadian Pacific set a new quarterly record by relocating 7.9 million tonnes of pellet and pellet products. That’s adult from 7.5 million tonnes a year progressing and 100,000 tonnes some-more than Canadian National Railway’s conveyance record in a fourth entertain of 2018.

Montreal-based CN says it changed 7.5 million tonnes over a final 3 months. That enclosed an all-time monthly record of 2.79 million tonnes in Oct and a second best Dec on record notwithstanding a work stoppage.

CP Rail says it set a association monthly record in Nov by relocating 2.74 million tonnes, while Oct was a second-best month during 2.66 million tonnes and it had a best Dec with 2.5 million tonnes.

As of Dec. 31, CP Rail changed 12.17 million tonnes of pellet for a 2019-2020 stand year, adult 2.1 per cent from a before year.

The 2019 calendar year, that includes dual stand years, CP Rail changed a record 27 million tonnes of grain, while CN changed 26.6 million tonnes, compared with 26.8 million set in 2018.

Canada’s second-largest railway had some-more than 2,170 new high-capacity hopper cars that can lift 44 per cent some-more pellet and skeleton to have 3,300 by a finish of 2020. The association skeleton to spend about $500 million on appropriation 5,900 new hopper cars over 4 years.

“2019 has been a ensign year for CP and a Canadian pellet supply sequence notwithstanding a severe mercantile and environmental conditions,” pronounced Joan Hardy, CP’s vice-president sales and marketing, pellet and fertilizers.

Article source: https://www.cbc.ca/news/canada/calgary/grain-cp-cn-train-rail-shipping-fourth-quarter-1.5417334?cmp=rss