CP Rail to purchase 1,000 grain cars to bolster supply chain network

By zaymalz malz

Canadian Pacific Railway (CP Rail) has revealed that it will be investing more than CAD$500,000 in new grain hopper rail cars in the aim of bolstering the country’s agricultural sector by upscaling the capacity its grain supply chain.

The company forecasts that 500 of these new cars, acquire from rail manufacturing company Hamilton, will be in service before the year’s end, whilst the next four years could see a total 5,900 new cars purchased in total to overhaul its existing rail fleet.

See also:

“We know farmers depend on us to transport their product efficiently, safely and reliably to market,” said CP Rail President and CEO Keith Creel.

“It's the largest sector of CP's business by revenue, and we're committed to continuous improvement for the benefit of our customers and the North American economy. These new railcars will revitalize our fleet and help cement our status as an industry leader in grain transportation for decades to come.”

The new cars will be lighter, shorter, and carry more grain than the existing models that are set to be retired from CP Rail’s fleet.

Further, the order comes as CP Rail is working on a new 8,500-foot-long power-on model for its grain trains in the aim of expanding its total car capacity from 112 to 147, enhancing the efficiency of transportation.

“With our growing network of facilities capable of handling 8,500-foot trains, this highly efficient hopper car capacity will benefit our supply chain and support the growth in volumes that we are pursuing in the competitive western Canadian marketplace,” said CEO of Paterson GlobalFoods.

Share
Share

Featured Articles

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Q&A: China’s ecommerce innovator Jeff Li, CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

How hybrid work is revolutionising the physical office

As hybrid work models roll out worldwide, the purpose of the office is changing with collaboration, connection and networking taking centre stage

Trailblazer: Shanique Bonelli-Moore, DEI chief at Clorox

Sustainability

Dean Forbes – the Forterro CEO aiming for the moon

Leadership & Strategy

Why becoming a B Corp is good for business

Sustainability