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Around the Port

Rail good news to start the year!

In spite of a polar vortex that froze the Prairies in early February, causing some short term delays and back logs, both Canadian national rail services, Canadian National and Canadian Pacific, continue to deliver grain in record numbers across the country, and in particular to the West Coast.

CN has announced its 11th consecutive record setting month of grain movement. The railway shipped over 2.95 million metric tonnes (mmt’s) of Canadian grain and processed grain products via carload in January, 2021. This exceeded the previous January record set in 2019 of 2.33 MMT by 27%, as well the three-year average of 2.24 MMT by 32%.

Per CN’s release, “This brings the volume of grain moved via carload in the first half of the 2020-2021 crop year, which spans from early August to the end of the following July, to over 17.5 MMT. This is 24% higher than the three-year average of 14.1 MMT, and 17% higher than the record of 14.9 MMT set in the 2018-2019 crop year.”

For the full release from CN please click here: https://www.globenewswire.com/news-release/2021/02/02/2168545/0/en/New-Record-Grain-Movement-Announces-Strong-Start-to-2021.html

Not to be outdone, CP Rail have just reset its own standard by moving a reported 31.32 mmt’s of Canadian grain and grain products in 2020, more than any other year in their history.

As you will see below from CP’s latest rail scorecard below, the vast majority of this grain in destined for the port of Vancouver. Of further note is that CP is already a reported 14% ahead of last year’s pace for grain deliveries