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Yesterday, CN announced it has developed new “supply-chain efficiencies” to better meet major Canadian steel producers’ short-term rail-car order requirements and help them “compete more effectively,” according to a prepared statement.

The Class I has established car staging facilities near producers to respond more quickly to producers' spot sales requirements. The facilities are located in Sorel-Tracy, Quebec, near Montreal and Paris, Ontario, near Hamilton.

CN is also acquiring 200 standard gondolas and 200 open coil gondolas to expand and improve its car fleet serving the North American steel industry. The railroad previously acquired about 700 new iron ore for hauling pelletized iron ore in the upper U.S. Midwest.

“CN wants to expand its steel business. With an end-to-end supply chain focus and new equipment, we aim to help our steel customers grow and capture an increasing share of their new business,” said Executive Vice President and Chief Marketing Officer Jean-Jacques Ruest.