JJ Ruest, President and CEO of CN, said: “This investment, combined with our 2020 CAN$2.9 billion capital investment programme, will help us move more grain. We are confident in the future of the grain business and its key role in CN’s long-term growth. By investing in the construction of these new cars, we want to help quickly stimulate the North American economy by supporting manufacturing and agriculture related jobs.”
James Cairns, Senior Vice-President, Rail Centric Supply Chain, CN, added: “CN’s Canadian grain movements continue to break records, month after month, and these new higher-capacity hopper cars will help perpetuate our growth in this key sector of the North American economy. By purchasing new hopper cars for the second time in 2 years, we are continuing to deliver on our commitment to grain farmers, grain customers and the overall supply chain to expand our collective capacity through fleet renewal. Through this investment, we will be able to support and expand our movements of grain to international markets as demand continues to increase.”
