Canadian Pacific is well-positioned and ready to move this year's western Canadian grain crop, which is forecast to be significantly bigger than the five-year average, to market.
CP is calling on all supply chain partners to work collaboratively to continue moving record amounts of grain, as CP did during 2013-14, 2014-15 and 2015-16 crop-years.
"To ensure success during this crop-year, the broader supply chain must work together to collectively harness our energy so that the entire Canadian economy can reap the maximum benefit," said E. Hunter Harrison, CP's Chief Executive Officer. "We have been preparing for this crop year for months and we are ready."
The grain supply chain in Canada, like most efficient supply chains, works best when demand is well-distributed throughout the year. The rail supply chain has returned to normal since the extraordinary crop and winter of 2013-14 and CP has continued to move record amounts of grain. This means there is now excess capacity in the supply chain, including thousands of rail cars in storage ready to move the latest crop.
Click here to read the full release on the Canadian Pacific website.
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