Rail cars wait for pickup in Winnipeg, Sunday, March 23, 2014. Canadian National Railway Co. has awarded a contract for 1,150 grain cars to National Steel Car Ltd. in Hamilton. THE CANADIAN PRESS/John Woods
August 27, 2020 - 12:27 PM
MONTREAL - Canadian National Railway Co. has awarded a contract for 1,150 grain cars to National Steel Car Ltd. in Hamilton.
The railroad operator says the deal brings to $1 billion the amount it plans to invest in Ontario by the end of 2022, including $250 million to build a proposed logistics hub in Milton.
The order for the high-efficiency hopper cars comes amid a year of record grain movement at both CN and rival Canadian Pacific Railway Ltd.
The surging statistics are thanks largely to grain held over from last year following a late harvest as well as insatiable global demand for bread and pasta amid the COVID-19 pandemic.
CN said earlier this month it hauled more than 30 million tonnes of grain in 2019-20, a seven-per-cent increase from the previous year.
CP moved 10 per cent more grain, at 29.5 million tonnes.
This report by The Canadian Press was first published Aug. 27, 2020.
Companies in this story: (TSX:CNR, TSX:CP)
News from © The Canadian Press, 2020