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Agriculture committee Yes, that's right.
November 27th, 2018Committee meeting
Sean Finn
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee In the next few years, three kinds of cars will be transporting wheat on the CN network. First, there is the fleet of cars owned by the Canadian government and that have been around for over 30 years. Then, we have a growing fleet of cars from shippers. Lastly, CN has its own fle
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee First, when the port of Thunder Bay closes in December, there is no doubt that all western grain must then be moved to either Vancouver or Prince Rupert. This is the challenge we face. Second, with respect to supply chain capacity, we estimated that the number of cars that CN co
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee We have not heard from the car suppliers or the rail suppliers about any supply issues. Those are large investments. When you set up a line to produce grain cars in Hamilton, actual steel cars, you'll produce the thousand cars, and ultimately, if other cars are needed for other c
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee People sometimes tell us that it's 10% protein and 90% politics.
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee In this case, it's quite simple. There is a fleet of cars owned by the Canadian government, which is shared between CN and CP. When we say we place 5,500 cars during normal periods, and 4,000 during difficult periods, we're talking about cars shared between CN and CP for our cust
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee And some customers started buying private cars. They own them.
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee Five years ago, we were moving 30 to 40 private cars a week. Last week, we moved between 600 and 800. Now companies that elevate grain own cars, and they are part of the shared fleet. This allows us to have a fleet reserved for certain customers and to respond directly to their n
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee They are our employees, our locomotives and our railways. There are more and more private cars for moving wheat. As far as moving oil is concerned, the fleet is almost entirely owned by oil producers.
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee I'll start. Our investments in the network increased from $2.7 billion in 2017 to $3.5 million in 2018. So almost $800 million more was invested in the network, much of it in western Canada, between Winnipeg and Edmonton, where there was an issue for us. The Grain Plan, which w
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee It goes without saying that moving grain is a little complicated.
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee Maybe just to add to that, what is not well understood is that in the last 10 years, there's been $21 billion of capital investment over an eight-year period, with $3.5 billion this year. I'll come back to a very important number. For every dollar we earn, 25ยข goes back into the
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee You're right. We had a particular challenge this fall. We had committed to placing a minimum of 5,500 cars per week during the normal period and 4,000 cars during the more difficult period. The harvest is good this year, above average over the last three years, but perhaps a litt
November 27th, 2018Committee meeting
Sean Finn
Agriculture committee I would like to point out that, for example, we placed 7,200 cars last week. This includes government cars and our own. That's 2,000 more than we thought we could place that week. The fact that the winter has been a little milder so far in western Canada has allowed us to catch u
November 27th, 2018Committee meeting
Sean Finn