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Stock impact report

Grain industry facing 'dire situation' as backlog of grain shipments grow [Business News Network (BNN) Energy & Resources (Canada)]

Canadian Pacific Kansas City Limited Common Shares (CP) 
Last canadian pacific kansas city limited common shares earnings: 4/21 04:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.cpr.ca/financials/default.aspx
Grain industry facing 'dire situation' as backlog of grain shipments grow CALGARY -- Grain shippers and producers are raising concerns about a growing backlog of rail shipments that they say is leading to lost sales and unreliable exports. "It's not getting better, it's getting worse," said Wade Sobkowich, executive director of the Western Grain Elevator Association that represents major grain shipping companies. The latest figures from the Ag Transport Coalition, which represents several grain associations, said that car order fulfilments from Canada's two major railways was 38 per cent during the week of Feb. 12. The numbers show Canadian Pacific Railway Ltd. ( CP.TO ) delivered 66 per cent of the rail cars that grain shippers ordered, while Canadian National Railway Co. ( CNR.TO ) deliveries dropped for the sixth consecutive week to 17 per cent. "It's a dire situation. What we're seeing is not enough rail cars, not even close to enough empty rail cars being placed at grain elevator Show less Read more
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