Agriculture Roundup for Wednesday July 22, 2020
CN Rail plans to purchase more grain hopper cars next year.
CN said 1,500 new generation, high-capacity cars will be added to its fleet.
CEO JJ Ruest said along with the 2020 $2.9 billion capital investment program CN will help move more grain than before.
“We are confident in the future of the grain business and its key role in CN’s long-term growth,” Ruest said in a news release. “By investing in the construction of these new cars, we want to help quickly stimulate the North American economy by supporting the manufacturing and agriculture-related jobs.”