Canadian Pacific moved more grain last year in spite of extreme weather
CALGARY — Canadian Pacific Railway Ltd. moved one per cent more grain over the past year than in 2016-17, despite a frigid Prairie winter and higher-than-expected crop yields that helped cause a major backlog in early 2018.
CP Rail shipped 25.8 million metric tonnes of grain, grain products and soybeans out of Western Canada during the 2017-18 crop year.
For the coming year, the Calgary-based railway forecasts the total crop to move will hit 83.4 million metric tonnes, five per cent higher than the five-year average.
CP Rail and rival Canadian National Railway Co. are outfitting their fleets with thousands of larger freight cars and track upgrades over the next four years.