Canadian National Railway plans to buy more than 2,200 railcars and 1,300 new containers this year to support growing bulk materials and intermodal traffic.
The order comes after the largest Canadian railroad saw a 4 percent year-over-year rise in volume in the second quarter, which included a 13 percent jump in intermodal volume. The largest rolling stock acqusition this year will be 600 60-foot, double door box cars for the transport of forest products and metals. The order also includes 588 high-capacity hoppers for grain exports, 317 multi-level cars for finished vehicles, 300 gondolas for coal exports, 232 new ore cars and 200 multi-purpose box cars.
“CN's rolling stock acquisition strategy is responding to evolving market conditions and is intended to ensure reliable, predictable supply chains for our customers,” said CN Executive Vice President and Chief Marketing Officer Jean-Jacques Ruest.