CN Reports March Grain Movement
CN (TSX: CNR, NYSE: CNI) reported a record March for grain movement, transporting more than 2.96 million metric tonnes from Western Canada and posting its highest first‑quarter grain results.
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Rhea-AI Summary
CN (TSX: CNR, NYSE: CNI) reported a record March for grain movement, transporting more than 2.96 million metric tonnes from Western Canada and posting its highest first‑quarter grain results. Weekly volumes topped 600,000 tonnes for two consecutive weeks, peaking at over 650,000 tonnes.
CN said it rapidly restored network velocity after late‑month weather effects that temporarily reduced terminal capacity in Vancouver and the Prince Rupert corridor. Record export demand and the seasonal reopening of the Port of Thunder Bay also supported the result. The company reiterated execution of its 2025‑2026 Winter Plan and operational recovery measures.
Positive
- March grain moved of 2.96 million tonnes (record)
- Highest Q1 ever for grain movement
- Weekly volumes >600,000 tonnes for two consecutive weeks
- Peak weekly volume >650,000 tonnes
Negative
- Late‑month weather temporarily reduced terminal capacity in Vancouver and Prince Rupert
Details
News Market Reaction – CNI
On Apr 6, the first trading day after this news, CNI closed 0.86% above the previous close.
Data tracked by StockTitan Argus for the Apr 6 session.
Key Figures
- March grain moved
- more than 2.96 million metric tonnes
- Grain from Western Canada in March 2026
- Peak weekly grain volume
- over 650,000 tonnes
- Weekly grain movement during March 2026
- 2025 revenue
- $17,304 million
- Total revenues in 2025, up 2% from 2024
- 2025 operating income
- $6,587 million
- Full-year 2025 operating income
- 2025 net income
- $4,720 million
- Full-year 2025 net income, up 6%
- 2025 diluted EPS
- $7.57
- Full-year 2025 diluted EPS, up 8%
- 2025 free cash flow
- $3,336 million
- Full-year 2025 free cash flow, up 8%
- Planned 2026 capex
- $2.8 billion
- Planned capital expenditures for 2026
Historical Context
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Announced timing and access details for Q1 2026 results call.
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Reported best February on record for Western Canada grain movement.
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Released 2025 Indigenous Reconciliation Action Plan Annual Report.
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Unveiled commemorative locomotives for America250 celebration across U.S. network.
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Announced executives’ participation in J.P. Morgan’s 2026 Industrials Conference.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONTREAL, April 02, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that it moved more than 2.96 million metric tonnes of grain from Western Canada, setting a new record for the month of March and achieved our highest ever first quarter results for grain movement. Weekly volumes exceeded 600,000 tonnes for two consecutive weeks, reaching a peak of over 650,000 tonnes, reflecting robust network performance and demand across both the West Coast and eastern corridors.
CN quickly restored network velocity following late-month weather events that temporarily impacted terminal capacity in Vancouver and the Prince Rupert corridor. That efficient recovery, along with record export demand, and the seasonal reopening of the Port of Thunder Bay, enabled CN to achieve this new March record.
CN Winter Plan
CN remains focused on executing its winter operations plan across the network. For more information and details about how the Company has put proactive solutions in place please consult its 2025-2026 Winter Plan.
About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.
Contacts:
| Media | Investment Community |
| Ashley Michnowski | Jamie Lockwood |
| Senior Manager | Vice-President |
| Media Relations | Investor Relations and Special Projects |
| (438) 596-4329 | (514) 399-0052 |
| media@cn.ca | investor.relations@cn.ca |
FAQ
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