Canadian Pacific (TSX: CP) (NYSE: CP) moved more Canadian grain and grain products in 2019's final quarter than any prior quarter in the company's history. Shipping totals came in at 7.9 million metric tonnes (MMT) of Canadian grain and grain products, breaking the company's prior quarterly record from the 2018 fourth quarter by 400,000 metric tonnes:
- October: 2.66 MMT (second-best month on record)
- November: 2.74 MMT (an all-time monthly record)
- December: 2.50 MMT (the best-ever December)
As of Dec. 31, 2019, CP's movement of grain for the 2019-2020 crop year was 12.17 MMT, up 2.1 percent over last year. The 2019 calendar year, which includes portions of two separate crop years, was a record at 27 MMT.
"2019 has been a banner year for CP and the Canadian grain supply chain...READ MORE