Prairie Post (East Edition)

CN sets new grain record for Jan­uary

- Business · The Canadian National Railway · China · Canada · North America · United States of America · Investor

CN is proud to an­nounce that for the 11th con­sec­u­tive month it has set a new record by ship­ping over 2.95 mil­lion met­ric tonnes (MMT) of Cana­dian grain and pro­cessed grain prod­ucts via car­load in Jan­uary. This ex­ceeds 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%.

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.

CN is also break­ing records with over 600,000 met­ric tonnes of grain mov­ing di­rect from west­ern Canada via con­tainer, in ad­di­tion to vol­umes shipped from eastern Canada.

"What great news to start off 2021. I could not be prouder to see such flu­id­ity and col­lab­o­ra­tion across all sup­ply chains at the same time, es­pe­cially in Cana­dian grain. We know that harsher weather is al­ways just around the cor­ner, so it is crit­i­cal that we keep up the pace and col­lab­o­ra­tion that we have seen in the first half of the crop year to keep goods mov­ing. I want to thank our rail­road­ers, the ports, Cana­dian grain farm­ers, as well as all of our sup­ply chain part­ners; this on­go­ing col­lab­o­ra­tion and con­stant com­mu­ni­ca­tion is crit­i­cal to the re­cov­ery of the North Amer­i­can econ­omy.” Ex­plained Rob Reilly, ex­ec­u­tive vice-pres­i­dent and chief op­er­at­ing of­fi­cer at CN.

CN's con­tin­ued abil­ity to de­liver record amounts of goods is largely due to the in­vest­ments in ca­pac­ity done by the rail­road over the past few years. Since 2018, CN has in­vested over $10B in track, lo­co­mo­tives, and rail­cars, in­clud­ing the pur­chase of over 2,500 new high ca­pac­ity grain hop­per cars. To find out more about CN’s com­mit­ment to grain please visit www.cn.ca/grain

CN safely trans­ports more than 300 mil­lion tons of nat­u­ral re­sources, man­u­fac­tured prod­ucts, and fin­ished goods through­out North Amer­ica ev­ery year. As the only rail­road con­nect­ing Canada’s Eastern and West­ern coasts with the U.S. South through a 19,500-mile rail net­work, CN and its af­fil­i­ates have been con­tribut­ing to com­mu­nity pros­per­ity and sus­tain­able trade since 1919. CN is com­mit­ted to pro­grams sup­port­ing so­cial re­spon­si­bil­ity and en­vi­ron­men­tal ste­ward­ship.

The com­pany’s 2020 An­nual Fi­nan­cial State­ments, man­age­ment’s dis­cus­sion and anal­y­sis, and its 2020 An­nual In­for­ma­tion Form and Form 40-F, have been filed with Cana­dian and U.S. se­cu­ri­ties reg­u­la­tors and are now avail­able in the In­vestor sec­tion of its web­site, www.cn.ca/ in­vestors.

 ?? File photo ?? CN Rail has been do­ing well with its grain ship­ments.
File photo CN Rail has been do­ing well with its grain ship­ments.

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