Canada's two largest railways say they are unlikely to repeat the record grain shipments they posted in 2020 due to unfavourable weather conditions over the summer.
Canadian National Railway Co. moved 31 million tonnes as of the end of July, beating the previous record of 29.4 million tonnes a year earlier."The exceptional last crop production in Western Canada, combined with very high demand for grain in world markets, drove this unique performance," CEO JJ Ruest said in a report presented to the federal government.
"CP anticipates the 2021-2022 Western Canadian grain crop volume to be lower than the past two crop years," said the railway's report, adding that its forecast is consistent with the expectation of our customers. Exports are also expected to be below the three-year average levels at 45.2 million tonnes and significantly below the 52.2 million tonnes in 2020-2021.
The railways say they were helped in transporting last year's the bountiful harvest by investing in the purchase of larger hopper cars. Both railways say the acquisition of U.S. railway Kansas City Southern would expand their capacity to move more grain products and provide new options for Canadian farmers and customers.
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