CP Rail is gearing up to move a bumper crop to market.
CEO Hunter Harrison says CP Rail has been preparing for this size of crop for months.
He says 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.
Harrison says this means there is now excess capacity in the supply chain, including thousands of rail cars in storage ready to move this year’s crop.
But he wants For example, he says port terminals must work round the clock to move a record crop.
APAS President Norm Hall says time will tell if the railways are ready to move this year’s crop to market in a timely manner.
He says its good to hear the railways are prepared to step up grain movement.
So far, movement has been good but he says other traffic is down.
Hall says CP Rail may have a motive behind the declaration.
He says CP may want to show they can move the grain and get rid of the government maximum grain revenue entitlement and other regulations.
The Ag Transport Coalition reports CN and CP have delivered 88 per-cent of hopper cars in the week they were ordered this year.
He says grain movement is a decent number but he is waiting to see what happens after harvest.
CP Rail says grain is the companies’ biggest business.