We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CP moved 2.9M metric tons of grain and a record 30,324 carloads in May 2026.
Canadian Pacific set grain transport records in Q1 and four of five months in 2026.
CP moved 25.3M metric tons through Week 43, its best pace since 2020-2021.
Canadian Pacific Kansas City (CP - Free Report) is benefiting from strong grain export demand and continued operational efficiency, as evidenced by its record-setting grain volumes in May 2026. The company transported 2.9 million metric tons of Canadian grain and grain products during the month and moved a record 30,324 carloads, surpassing the previous May records established in 2020. This achievement highlights the railroad's ability to support elevated agricultural shipments while maintaining network fluidity.
The record performance builds on a strong trend throughout the 2025-2026 crop year. CP has already set grain transportation records in the first quarter and established monthly records in four of the first five months of 2026. Through Week 43 of the crop year, the company moved more than 25.3 million metric tons of Canadian grain and grain products, marking its strongest grain-handling performance since the record-setting 2020-2021 crop year.
The sustained growth underscores favorable grain production and resilient export demand across global markets. CP's ability to exceed average supply-chain capacity targets in several weeks demonstrates the effectiveness of its rail network and reinforces its role as a key transportation partner for Canada's agricultural sector. Strong grain volumes also provide a supportive backdrop for revenue generation and asset utilization.
Looking ahead, maintaining this momentum will depend on efficient coordination across the broader grain supply chain. Customer loading facilities, port terminals and other stakeholders must continue operating at high capacity to prevent bottlenecks and ensure smooth product flows. Ongoing collaboration across the network should enable CP to capitalize on robust grain demand and sustain its strong operational performance.
CP’s Share Price Performance
Canadian Pacific’s shares have gained 21.9% in the past six months compared with the Transportation - Rail industry’s 15.5% growth.
Image Source: Zacks Investment Research
CP’s Zacks Rank
CP currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Investors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) and International Seaways (INSW - Free Report) .
Expeditors has an expected earnings growth rate of 11.9% for the current year. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.96%.
INSW currently sports a Zacks Rank #1.
INSW has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 33.93%.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
CP's Record Grain Haul Reflects Strong Export Demand & Network Fluidity
Key Takeaways
Canadian Pacific Kansas City (CP - Free Report) is benefiting from strong grain export demand and continued operational efficiency, as evidenced by its record-setting grain volumes in May 2026. The company transported 2.9 million metric tons of Canadian grain and grain products during the month and moved a record 30,324 carloads, surpassing the previous May records established in 2020. This achievement highlights the railroad's ability to support elevated agricultural shipments while maintaining network fluidity.
The record performance builds on a strong trend throughout the 2025-2026 crop year. CP has already set grain transportation records in the first quarter and established monthly records in four of the first five months of 2026. Through Week 43 of the crop year, the company moved more than 25.3 million metric tons of Canadian grain and grain products, marking its strongest grain-handling performance since the record-setting 2020-2021 crop year.
The sustained growth underscores favorable grain production and resilient export demand across global markets. CP's ability to exceed average supply-chain capacity targets in several weeks demonstrates the effectiveness of its rail network and reinforces its role as a key transportation partner for Canada's agricultural sector. Strong grain volumes also provide a supportive backdrop for revenue generation and asset utilization.
Looking ahead, maintaining this momentum will depend on efficient coordination across the broader grain supply chain. Customer loading facilities, port terminals and other stakeholders must continue operating at high capacity to prevent bottlenecks and ensure smooth product flows. Ongoing collaboration across the network should enable CP to capitalize on robust grain demand and sustain its strong operational performance.
CP’s Share Price Performance
Canadian Pacific’s shares have gained 21.9% in the past six months compared with the Transportation - Rail industry’s 15.5% growth.
Image Source: Zacks Investment Research
CP’s Zacks Rank
CP currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Investors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) and International Seaways (INSW - Free Report) .
EXPD currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Expeditors has an expected earnings growth rate of 11.9% for the current year. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.96%.
INSW currently sports a Zacks Rank #1.
INSW has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 33.93%.