We’ve been reporting on the Grain movement in Canada to the Port of Vancouver for the last nineteen weeks. For most of this period, the railways have appeared to be doing well with westbound movements toward Vancouver. This past week was a continuation of that trend, despite a decrease in train volumes. The seven-day-average number of trains westbound toward Vancouver decreased to 26.6 trains/day as of 1/30/2023, a decrease of 1.5 trains/day from the average of 28.1 trains/day for the previous week ending 1/23/2023. However, the total train volumes stayed above the 25.7 trains/day required to move the current grain harvest and the typical volume of other commodities throughout the week ending 1/30/2023.
Observations for Week (1/24/2023-1/30/2023):
We estimate that about 5 grain trains/day are required to move the expected grain harvest. The railways moved an average of 6.9 grain trains/day during the week ending 1/30/2023, well above the required average.
As of 1/23/2023, rail traffic in four of the seven categories we track was above its long-term average level. Manifest trains (4.1 trains/day), grain (6.9 trains/day), petroleum (2.3 trains/day), and other traffic (1.1 trains/day) were all above their long-term average levels. Coal traffic (4.9 trains/day), intermodal traffic (6.1 trains/day), and potash (1.1 trains/day), were all below their long-term average levels, with intermodal traffic remaining below its long-term average for the twelfth week in a row.
We will continue to monitor the corridor to Vancouver during the grain season and provide updates on trends we’re seeing.
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