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CPKC publishes annual Grain Service Outlook Report
CPKC publishes annual Grain Service Outlook Report Canada NewsWire CALGARY,...
About this update from Canadian Pacific Kansas City Limited
[{"type":"text","content":"\n \n \n \n CPKC publishes annual Grain Service Outlook Report\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n July 31, 2023\n \n \n /CNW/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today published its 2023-2024 Grain Service Outlook Report, which outlines the company's plan to safely and reliably transport\n \n Canada's\n \n grain crop for export to international markets.\n \n \n \"As we look toward the upcoming 2023-2024 crop year, CPKC is once again well prepared to move\n \n Canada's\n \n grain crop to market, just as we have throughout our 142-year history,\" said\n \n Keith Creel\n \n , CPKC President and CEO. \"We have the capacity and the team to deliver for our grain customers and the Canadian economy during the upcoming crop year.\"\n \n \n The report outlines CPKC's strong commitment to our grain customers and unique position to supply rail transportation to\n \n Canada's\n \n agricultural sector as the first transnational railway that provides a single-line connection between\n \n Canada\n \n , the U.S. and\n \n Mexico\n \n . This powerful new rail network provides\n \n Canada's\n \n grain shippers with access to markets across\n \n North America\n \n , including many new markets in\n \n Mexico\n \n , and enhanced routing options for shipping Canadian grain and grain products overseas. Additionally, CPKC has completed its more than\n \n $500 million\n \n investment to purchase 5,900 new higher-capacity grain hopper cars.\n \n \n Notwithstanding CPKC's robust preparation and investments, there are several factors constraining\n \n Canada's\n \n export-driven grain supply chain, including:\n \n \n \n The recent strikes at port terminals across B.C., including at the Port of\n \n Vancouver, Canada's\n \n largest port, once again demonstrated the damaging and compounding impact of labour disruptions on supply chains. The prolonged duration of the strike means that supply chain recovery will stretch into 2024, potentially impacting grain transportation this fall.\n \n \n ...