CN Breaks Multiple Grain Records
July 07 2020 - 01:14PM
CN (TSX: CNR) (NYSE: CNI) announced today that it has achieved
another monthly record in June moving 2.7 million metric tonnes
(MMT) of Canadian grain. In the first half of 2020 through June 30,
CN moved 15 MMT. This also represents a new all-time best quarter
for CN with 8.15 MMT moved.
June is also CN’s fourth consecutive month of
record grain movement, contributing to CN’s record pace
crop-year-to-date through June of 26.9 MMT versus the previous
record of 26.5 MMT set last crop year. In addition, CN has moved
over 1 MMT of Canadian grain from the Prairies crop year to-date
via container, contributing to CN’s record pace of Canadian grain
intermodal shipments.
Records
- Best first half of the year, with 15.0 MMT moved compared to
the previous record of 13.9 MMT
- Record crop-year-to-date pace through June of 26.9 MMT compared
to the previous record of 26.5 MMT
- Best quarter ever with 8.15 MMT moved compared to the previous
record of 8.08 MMT and compared to 7.4 MMT during the second
quarter of 2019.
- Best June with 2.7 MMT moved compared to the previous record of
2.44 MMT
Quotes"From Canadian farmers to
port terminals, these achievements are a testament to the strength
of our supply chain and its ability to meet the continued strong
global demand for grain. Strong demand for grain through the second
quarter, coupled with strong execution by CN’s dedicated team of
railroaders, allowed us to achieve our record quarterly results and
for the first half of 2020. Those results come after challenges
earlier in the crop year. CN’s fourth consecutive record month of
grain movement and record total tonnage crop-year-to-date
demonstrates the continued positive impacts of CN’s capital
investments on increased network capacity and resiliency.”- James
Cairns, Senior Vice-President Rail Centric Supply Chain, CN
“CN is proud to play an important role in
providing an essential service for the agri-food supply chain, and
in the face of our current global market environment, CN’s team has
enabled us to have such an exceptional season. Despite all the
difficulties we faced earlier this year, we are confident that the
high volume of shipments experienced in June will continue until
the end of the crop year and that CN and our partners of the supply
chain will continue to deliver for the grain industry.”- Allen
Foster, Vice-President, Bulk, CN
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,
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.
Contacts: |
MediaJonathan AbecassisSenior ManagerMedia
Relations1-833-946-3342Media@cn.ca |
InvestorsPaul ButcherVice-PresidentInvestor
Relations(514) 399-0052 |
Canadian National Railway (TSX:CNR)
Historical Stock Chart
From Feb 2024 to Mar 2024
Canadian National Railway (TSX:CNR)
Historical Stock Chart
From Mar 2023 to Mar 2024