CN Proud to be Supporting Agri-Food Supply Chain as Company Sets New Grain Records
May 05 2020 - 3:45PM
CN (TSX: CNR) (NYSE: CNI) announced that, after having its second
best Q1 western Canadian grain movement result with 6.59 million
metric tonnes (MMT) moved, the Company moved 2.73 MMT in April,
exceeding its previous April record of 2.72 MMT. Movements also
exceeded the three-year average of 2.55 MMT for April and March’s
record result of 2.65 MMT.
As the Canadian agricultural sector works to
keep up with the increased demand for staple food, CN’s railroaders
are determined to keep the goods North-Americans need moving. CN is
proud that the cumulative total of all Canadian tonnage moved by CN
for the 2019-2020 crop year has reached 21.55 MMT so far with 20.7
MMT coming from Western Canada.
“CN has never slowed down since the beginning of
the COVID-19 pandemic,” said JJ Ruest, president and chief
executive officer at CN. “Thanks to the efforts of our front line
railroaders and our supply-chain partners, CN has proven its
resiliency yet again by delivering essential goods, including those
of agri-food customers, to consumers across North-America. CN has
the capacity ready to enable the eventual recovery of the
economy.”
“Despite difficult conditions, CN handled 51% of
all Canadian grain rail shipments in the first quarter, including
52% of market share in March,” explained James Cairns, senior vice
president rail centric supply chain at CN. “We are in great shape
and ready to deliver during the final months of the crop year.”
Movement of all Canadian grain tonnage was 6.86
MMT in Q1 and 2.81 MMT in April.
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 of
approximately 20,000 route miles spanning Canada and mid-America.
CN – Canadian National Railway Company, along with its operating
railway subsidiaries – serves the cities and ports of Vancouver and
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 about CN,
visit the Company’s website at www.cn.ca.
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