CN Reports November Grain Movement
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.
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.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed, modest moves: NSC +0.17%, CSX +0.47%, WAB +0.61% versus CP -0.55% and UNP -0.19%, suggesting stock-specific factors for CNI.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 02 | Sustainability report | Positive | +0.5% | Annual sustainability report showing improved emissions, safety, and community metrics. |
| Nov 17 | Anniversary milestone | Positive | -1.6% | 30th privatization anniversary and IPO milestone commemorations at major exchanges. |
| Nov 17 | Conference appearance | Neutral | -0.7% | CFO presentation announcement for Desjardins Toronto Conference with webcast details. |
| Nov 06 | Debt offering | Neutral | +0.5% | US$700M public notes offering to refinance maturing debt and for corporate purposes. |
| Nov 05 | Grain record | Positive | +0.3% | All‑time monthly record, over 3.4M metric tonnes of grain from Western Canada. |
Recent CNI news has produced modest, mixed price reactions, with generally small aligned moves and one notable divergence on a celebratory headline.
Over the last few months, CN has highlighted sustainability progress, a privatization milestone, routine investor communications, financing, and operational records. On Dec 2, 2025, a sustainability report with GHG and safety improvements saw a 0.47% gain. A 30th‑anniversary privatization piece on Nov 17, 2025 coincided with a -1.59% move. A US$700M debt offering on Nov 6, 2025 and October’s record grain movement on Nov 5, 2025 both had small positive reactions. Today’s November grain record extends that operational narrative.
Market Pulse Summary
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.
AI-generated analysis. Not financial advice.
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:
| Media | Investment Community |
| Ashley Michnowski | Stacy Alderson |
| Senior Manager | Assistant Vice-President |
| Media Relations | Investor Relations |
| (438) 596-4329 media@cn.ca | (514) 399-0052 investor.relations@cn.ca |
FAQ
How much grain did CN (CNI) move in November 2025?
How did CN's November 2025 grain volume compare to its previous November record?
Does CN (CNI) report a trend in grain movement for late 2025?
What operational steps is CN taking for winter after the November record?
Will CN's November grain record likely affect freight operations in winter 2025-2026 for CNI shareholders?
