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May 28, 2018
CN will acquire one thousand new generation grain hopper cars
CN announced that it plans to acquire 1,000 new generation high-cube grain hopper cars over the next two years to rejuvenate the aging equipment needed to serve increasing annual crop yields.
CN is buying new, 55-foot eight-inch jumbo hopper cars with 5,431 cubic feet of capacity. CN's 12,000-car Western Canadian grain fleet is comprised of CN-owned hoppers, leased cars and private customer equipment. The new hopper cars will allow the phase out of older, lower-capacity cars from the CN-owned and leased fleet, which has an average age of more than 30 years.
"This substantial investment in higher capacity payload hopper cars, with up to 10 per cent more capacity than the older generation, demonstrates our commitment to safely, efficiently and reliably moving the steadily increasing Prairie grain crop for our customers," said JJ Ruest, interim president and chief executive officer of CN.
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