Canadian Pacific Sets August Grain Shipment Record

Earnings
โดย Zacks Investment Research·CA·Read original
Summary · why it matters

Canadian Pacific Kansas City has achieved a new August milestone for grain shipments, transporting 2.54 million metric tonnes of Canadian grain and grain products in 26,051 carloads during August 2026, surpassing the previous records set in August 2020. This performance covers the first four weeks of the 2026-2027 crop year, which began on August 1, and reflects a strong start to the season. Across its U.S. and Canadian network, the company set a combined monthly tonnage record of 4.86 million metric tonnes and 50,396 carloads. The record builds on a robust 2025-2026 crop year, during which Canadian Pacific moved 30.66 million metric tonnes of Canadian grain, exceeding the prior annual record from 2020-2021. Monthly records were also set earlier this year in January, February, April, May, and June, underscoring favorable grain production and resilient export demand. Additionally, Canadian National Railway moved 2.50 million metric tonnes of grain in August 2026, surpassing its previous August record of 2.34 million metric tonnes set in 2020, indicating a strong start to the new crop year for both major railroads.

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