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PORT OF THUNDER BAY BENEFITS FROM WORLD GRAIN DEMAND

PORT OF THUNDER BAY BENEFITS FROM WORLD GRAIN DEMAND

THUNDER BAY, ONTARIO ~~~  July 6, 2020 (LSN)   Grain shipments at the Port of Thunder Bay continue to build on early-season gains.  As of
June 30, year-to-date grain volumes of 3.2 million metric tonnes (MMT) are 35% higher than the five-year average of 2.4 MMT. 

Increased demand for Prairie grain in Europe and the Middle East is benefitting the Port of Thunder Bay, which is the Western Canadian gateway to Eastern markets via the Great Lakes – St. Lawrence Seaway System.  Many countries have increased imports of staple commodities for food security during the COVID-19 pandemic. 

Railcar unloads of grain in Thunder Bay increased by 10,000 cars this crop year-to-date (August to June) but are flat at West Coast ports.  In early June, South West Terminals in Antelope, SK, loaded Canadian Pacific’s longest ever single-origin grain train, 224 hopper cars carrying 22,223 MT of durum wheat, to Thunder Bay.  Recent investments by CP have increased hopper car capacity from 93 to 102 tonnes, nearly double the traditional boxcar capacity of 55 tonnes.

Grain shipments via Thunder Bay terminals are expected to continue at above-average levels through the summer.

 

Port of Thunder Bay Cargo Stats   Lake Superior Newsphoto credit: Michael Hull

#LSN_Shipping #LSN_Econ  #LSN_ONNews

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