Canadian Crop Trader Has a Workaround for Rail Backlogs
- G3 says new grain elevators can load rail shipments faster
- Company is building first new Vancouver terminal since 1960s
A canola field in Ontario, Canada.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
One Canadian grain trader says it has figured out how to ensure its wheat and canola shipments don’t get caught in the transport backlog gripping the Prairies: load rail cars faster than everyone else.
The secret for G3 Canada lies in high-efficiency grain elevators, according to Chief Executive Officer Karl Gerrand. The enhanced speed has already helped G3 receive better rail service, a trend it expects to continue it completes a C$1 billion ($780 million) expansion that includes as many as eight more elevators in Canada, he said.