Canada’s 2018 Railway Capital Investment Hits $5 Billion- RAC

Railway Association of Canada has disclosed that Canada’s railways’ capital investments in 2018 will be a record $5 billion.

The association said the investments in infrastructure and equipment earmarked in 2018 are enabling railways to better serve their customers by enhancing the safety, efficiency and resiliency of the rail network.

“Canada’s two Class 1 railways – CN and CP – have put in place comprehensive, robust and focused action plans to get Canadian grain safely and efficiently to market during the 2018-2019 crop year.
Investing in infrastructure, equipment and people

“This year, railways are replacing, upgrading and maintaining key infrastructure, and investing in double-track to increase capacity for their customers.

“In addition, railways have ordered thousands of new, high-capacity grain hopper cars from National Steel Car in Hamilton, Ont., and have hired and trained hundreds of new railroaders. Canadian railways have also added high-horsepower and fuel-efficient locomotives to their fleets. In total, the rail industry will have more than 3,000 locomotives in service during the 2018-2019 crop year.

“These investments directly benefit shippers and the Canadian economy, and further demonstrate the rail industry’s commitment to serving as a reliable partner within a world-class supply chain”,the association noted further

It also disclosed that Canada’s railways have ordered thousands of new, high-capacity grain hopper cars from National Steel Car in Hamilton, Ont.

In preparation 2018-2019 crop year,it disclosed that Canada’s two Class 1 railways – CN and CP – have put in place comprehensive, robust and focused action plans to get Canadian grain safely and efficiently to market during the 2018-2019 crop year.

“They have shared these plans with the government and are following through on these strategies to ensure Canada maintains its reputation as a reliable export partner.

“In addition, both railways are voluntarily sharing information about their performance during the 2018-2019 crop year, including details on internal or external factors affecting grain movement”

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