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CN Reports November Grain Movement

CN (NYSE:CNI) reported a new monthly record for grain movement in November, moving over 3.28 million metric tonnes from Western Canada.

(Neutral)

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Rhea-AI Summary

CN (NYSE:CNI) reported a new monthly record for grain movement in November, moving over 3.28 million metric tonnes from Western Canada.

The November volume was 230,000 metric tonnes higher than CN's previous November record set in 2020, marking CN’s third consecutive record month for grain movement. The company said it is executing its 2025-2026 Winter Plan to maintain operations as colder months begin.

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Positive

  • Grain moved 3.28M metric tonnes in November
  • +230,000 metric tonnes vs November 2020 record
  • Third consecutive record month for grain movement

Negative

  • None.
Argus Dec 8 session
+0.09% close to close Open Argus
Details

News Market Reaction – CNI

On Dec 8, the day this news came out, CNI closed 0.09% above the previous close.

Data tracked by StockTitan Argus for the Dec 8 session.

Market Context

This announcement highlighted CN’s operational momentum, with over 3.28 million metric tonnes of gra...
Analysis

This announcement highlighted CN’s operational momentum, with over 3.28 million metric tonnes of grain moved from Western Canada in November, exceeding the prior November record by 230,000 metric tonnes and marking a third consecutive record month. It also reiterated execution of the 2025‑2026 Winter Plan as colder weather began. In the past six months, similar updates on grain volumes, financing and sustainability produced only modest price moves, so investors may watch how consistently these records translate into broader financial performance.

Key Figures

November grain volume: over 3.28 million metric tonnes Increase vs prior November record: 230,000 metric tonnes Consecutive record months: 3 +1 more
November grain volume
over 3.28 million metric tonnes
Grain moved from Western Canada in November 2025
Increase vs prior November record
230,000 metric tonnes
Above previous November record set in 2020
Consecutive record months
3
Third consecutive record month for grain movement
Previous record year
2020
Year of prior November grain movement record

Historical Context

5 past events · Latest: Dec 02
5 events
  1. Dec 02

    Sustainability report

    24h Move
    +0.5%

    Annual sustainability report showing improved emissions, safety, and community metrics.

  2. Nov 17

    Anniversary milestone

    24h Move
    -1.6%

    30th privatization anniversary and IPO milestone commemorations at major exchanges.

  3. Nov 17

    Conference appearance

    24h Move
    -0.7%

    CFO presentation announcement for Desjardins Toronto Conference with webcast details.

  4. Nov 06

    Debt offering

    24h Move
    +0.5%

    US$700M public notes offering to refinance maturing debt and for corporate purposes.

  5. Nov 05

    Grain record

    24h Move
    +0.3%

    All‑time monthly record, over 3.4M metric tonnes of grain from Western Canada.

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.

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MONTREAL, Dec. 08, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today a new monthly record for grain movement in November. CN moved over 3.28 million metric tonnes of grain from Western Canada last month, higher by 230,000 metric tonnes from its previous set record for November in 2020. This is CN’s third consecutive record month for grain movement.

"Achieving a third consecutive record month of grain movement demonstrates what’s possible with strong customer collaboration, thoughtful planning, and a dedicated team of railroaders.”

- Janet Drysdale, Executive Vice-President and Chief Commercial Officer at CN.

CN Winter Plan
CN continues to execute its winter operations plan across the network as the colder months have begun. 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:

MediaInvestment Community
Ashley MichnowskiStacy Alderson
Senior ManagerAssistant Vice-President
Media RelationsInvestor Relations
(438) 596-4329
media@cn.ca
(514) 399-0052
investor.relations@cn.ca
  

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much grain did CN (CNI) move in November 2025?

CN moved over 3.28 million metric tonnes of grain from Western Canada in November 2025.

How did CN's November 2025 grain volume compare to its previous November record?

November 2025 volume was 230,000 metric tonnes higher than the prior November record set in 2020.

Does CN (CNI) report a trend in grain movement for late 2025?

Yes; November 2025 was CN’s third consecutive record month for grain movement.

What operational steps is CN taking for winter after the November record?

CN is executing its 2025-2026 Winter Plan across the network to manage colder-month operations.

Will CN's November grain record likely affect freight operations in winter 2025-2026 for CNI shareholders?

The company highlighted continued execution of its Winter Plan but provided no quantified guidance on shareholder impact.

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