The Canadian railways anticipate their grain volume movement in the 2020-2021 crop year will be roughly in line with how much they’ve hauled in recent years, according to outlooks from Canadian Pacific (NYSE: CP) and CN (NYSE: CNI).
CP’s and CN’s expectations come amid record grain volumes hauled in 2019-2020, and amid capital investments to expand grain-handling capacity through initiatives such as acquiring more hopper cars.
The Canada Transportation Act requires CP and CN to submit outlooks...
https://s29755.pcdn.co/news/canadian-railways-expect-steady-grain-carload-volumes-in-2020-2021