CALGARY, Alberta – Canadian Pacific Railway will acquire 600 high-capacity freight cars for lumber products shippers by mid-July, swelling its fleet for North America’s robust and service-sensitive lumber market by close to 30 per cent. Value of the order was not disclosed.
The 73-ft. “riserless” lumber cars are being manufactured at The Greenbrier Companies’ TrentonWorks facility in Trenton, Nova Scotia, at the rate of about 45 cars a week. As they are delivered, CPR will purge from its fleet some 300 older, less productive lumber cars that are leased on a short-term but higher cost basis.
The move will increase CPR’s fleet of cars to 2,650, its largest fleet ever of high-capacity centrebeam cars for lumber customers.