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Canadian Pacific says its ready to move Canada's delayed grain crop
THE Canadian Pacific Railway (CP) says it is ready to move the delayed Western Canadian grain crop to market, and is keeping a supply chain scorecard to prove it.
"We have all the assets in place to move the crop to market, but given wet weather, snow and other factors, the vast majority of the crop is not yet ready to move," said CP chief executive Hunter Harrison.
"While CP is just one part of the global supply chain, we are taking a leadership role in ensuring the supply chain works together so that the Canadian economy - including farmers and shippers - reaps maximum benefit," he said.
Despite forecasts for a record or near-record crop and CP's early preparations, as a result of the delayed harvest year-to-date CP has moved less Canadian grain than in 2014-15 and less than the three-year average.
"We have all the assets in place to move the crop to market, but given wet weather, snow and other factors, the vast majority of the crop is not yet ready to move," said CP chief executive Hunter Harrison.
"While CP is just one part of the global supply chain, we are taking a leadership role in ensuring the supply chain works together so that the Canadian economy - including farmers and shippers - reaps maximum benefit," he said.
Despite forecasts for a record or near-record crop and CP's early preparations, as a result of the delayed harvest year-to-date CP has moved less Canadian grain than in 2014-15 and less than the three-year average.
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