How to resolve AdBlock issue? CN to buy 1,500 grain hopper cars
- Details
- July 22, 2020
Click image to enlargeRail carrier CN plans to acquire 1,500 new generation, high-capacity, grain hopper cars with delivery starting in January of 2021.
CN says the new railcars will help it continue to meet the growing needs of grain farmers and grain customers.
“This investment, combined with our 2020 $2.9 billion capital investment program, will help us move more grain,” said J.J. Ruest, president and CEO at CN. “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.”
CN’s Canadian grain movements have been strong month after month, and these new higher-capacity hopper cars will fuel growth in this key sector of the North American economy.
“By purchasing new hopper cars for the second time in two 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,” said James Cairns, senior vice president, Rail Centric Supply Chain, CN. “Through this investment, we will be able to support and expand our movements of grain to international markets as demand continues to increase.”
A sustained rebound in output and new business levels continued in October, with a modest improvement in business conditions in Canadian manufacturing, according to the IHS Markit Purchasing Managers’ Index (PMI), released November 1.
The Government of Canada has committed to provide an additional $600 million to support small and medium-sized businesses and their workers through its Regional Relief and Recovery Fund (RRRF).
Fullerton Tool Co., a solid carbide tool manufacturer, and Haimer USA have recently signed a licensing agreement for Haimer’s patented Safe-Lock anti-pullout system.
Heidi-Melanie Maier has been named national service director for Standard Machines within the Trumpf Inc. service department.
The Business Development Bank of Canada (BDC) has launched a $250 million venture capital fund to foster innovation and digitization in legacy Canadian industries including agriculture, resource extraction and manufacturing.
Magna International CEO Don Walker spoke to BNN about the company's strategy for dealing with COVID-19 and how he plans to get his company back to work safely, and how Magna will fit into the post-coronavirus supply chain.
The Canadian economy will rebound strongly and grow by 6.1 per cent in 2021 and 3.8 per cent in 2022, according to the latest report from the Organisation for Economic Co-operation and Development (OECD).
Canada has finally signed the Comprehensive Economic and Trade Agreement (CETA) and the Aluminium Association of Canada thinks it will be good for Canada's aluminum industry.
Toyota Canada Foundation has announced a $150,000 investment in STEM education for youth.
Conestoga College officially launched its new Centre for Smart Manufacturing located at the Cambridge, ON, campus of the college's Institute of Technology and Advanced Learning.
Manufacturing Day 2015 events across North American have helped to improve the perception of industry among the public, according to a Deloitte survey.
Hurco Companies Inc.,Indianapolis, IN, has announced several promotions. Joe Braun has been named vice president of marketing and product management. Scott Camloh is the new national sales manager, and Cory Miller has been hired as general manager of Hurco North America.
Marc-André Aubé is the new president and COO of Walter Surface Technologies, based in Pointe-Claire, QC.
Conestoga College, based in Kitchener, ON, will implement and lead a welding pre-apprenticeship training program that will be delivered across the country.
Chrysler's announcement that it's investing $2 billion in its Windsor, ON, minivan plant was welcome news by workers in the automotive industry.
