- Canadian National Railway (NYSE:CNI) and Canadian Pacific Railway (NYSE:CP) have reduced the number of railcar orders farmers will be able to place this crop season, as the Canadian rails attempts to manage rail congestion and prevent the kind of months-long grain bottleneck that plagued North America last winter.
- CNI says the changes were made in response after dealing with a number of “phantom” railcar orders during the last crop year when farmers were able to place unlimited railcar requests.
- Both Canadian railroads say that new rules on railcar orders will not affect their ability to deliver their minimum grain allotments to market.