grain exports

Port of Brownsville wins grant to expand grain exports

The Port of Brownsville recently received a $14.5 million grant to expand and upgrade the port’s 3 million-bushel grain elevator, including rail and road improvements.

The port is “reclaiming its status as a major exporter of agricultural products” with the grant, said Brownsville Navigation District Chairman John Reed. 

“This grant demonstrates the federal government’s confidence in the Port of Brownsville and its commitment to support all industries across the Rio Grande Valley,” Reed said in a

https://s29755.pcdn.co/news/port-of-brownsville-wins-grant-to-expand-grain-exports

Canadian railways expect steady grain carload volumes in 2020-2021

A photograph of a CN train traveling across an open field.

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

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