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CP Sets New September and Third-Quarter Grain Transportation Records
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Key Takeaways
Canadian Pacific Kansas City set new Q3 grain volume records in both Canada and the U.S.
CP moved 2.94 million metric tons in Canada and 2.51 million metric tons in the U.S. in September.
CP moved more than 4.99 million metric tons of Canadian grain through Week 8 of the 2026-2027 crop year.
Canadian Pacific Kansas City’s (CP - Free Report) record grain volumes in September and the third quarter highlight the strength and efficiency of its North American grain transportation operations. CP moved 2.94 million metric tons in Canada and 2.51 million metric tons in the United States during September, demonstrating its ability to handle significant volumes during a critical period of the crop year.
Both Canada and the United States set new third-quarter records, reflecting strong grain movement and the importance of reliable rail transportation in connecting producers and grain customers with domestic and international markets. Surpassing the previous records set in 2020 further underscores CP’s strong performance.
CP’s performance also underscores the value of collaboration across the grain supply chain. The company’s focus on safe, reliable and consistent service, along with coordination among railroaders, customers and other supply-chain participants, supports strong execution as the 2026-2027 crop year gets underway.
With more than 4.99 million metric tons and 51,268 carloads of Canadian grain moved through Week 8, CP is off to a strong start. Maintaining service reliability and capacity will be key to sustaining this momentum and supporting producers and grain customers throughout the remainder of the crop year.
Canadian Pacific’s Share Price Performance
CP’s shares have gained 16.8% over the year-to-date period compared with the Transportation - Rail industry’s 20.3% 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 better-ranked stocks like Expeditors International of Washington, Inc. (EXPD - Free Report) and Herc Holdings (HRI - Free Report) .
EXPD has an expected earnings growth rate of 28.6% for 2026. The company has an encouraging earnings surprise history. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 17.15%.
Herc Holdings currently sports a Zacks Rank #1.
HRI has a negative expected earnings growth rate of 8.4% for the current year. However, 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 60.64%.
View the Zacks #1 Rank List
Image: Bigstock
CP Sets New September and Third-Quarter Grain Transportation Records
Key Takeaways
Canadian Pacific Kansas City’s (CP - Free Report) record grain volumes in September and the third quarter highlight the strength and efficiency of its North American grain transportation operations. CP moved 2.94 million metric tons in Canada and 2.51 million metric tons in the United States during September, demonstrating its ability to handle significant volumes during a critical period of the crop year.
Both Canada and the United States set new third-quarter records, reflecting strong grain movement and the importance of reliable rail transportation in connecting producers and grain customers with domestic and international markets. Surpassing the previous records set in 2020 further underscores CP’s strong performance.
CP’s performance also underscores the value of collaboration across the grain supply chain. The company’s focus on safe, reliable and consistent service, along with coordination among railroaders, customers and other supply-chain participants, supports strong execution as the 2026-2027 crop year gets underway.
With more than 4.99 million metric tons and 51,268 carloads of Canadian grain moved through Week 8, CP is off to a strong start. Maintaining service reliability and capacity will be key to sustaining this momentum and supporting producers and grain customers throughout the remainder of the crop year.
Canadian Pacific’s Share Price Performance
CP’s shares have gained 16.8% over the year-to-date period compared with the Transportation - Rail industry’s 20.3% 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 better-ranked stocks like Expeditors International of Washington, Inc. (EXPD - Free Report) and Herc Holdings (HRI - Free Report) .
Expeditors currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EXPD has an expected earnings growth rate of 28.6% for 2026. The company has an encouraging earnings surprise history. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 17.15%.
Herc Holdings currently sports a Zacks Rank #1.
HRI has a negative expected earnings growth rate of 8.4% for the current year. However, 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 60.64%.