CPKC sets new April monthly grain records

Canadian Pacific Kansas City (TSX: CP, NYSE: CP) set new April monthly records for Canadian grain and grain products, moving 2.9 million metric tonnes and 30,381 carloads in April 2026.

Rhea-AI Summary

Canadian Pacific Kansas City (TSX: CP, NYSE: CP) set new April monthly records for Canadian grain and grain products, moving 2.9 million metric tonnes and 30,381 carloads in April 2026. First-quarter totals reached 7.2 MMT, and through 38 weeks the company transported 21.9 MMT.

CPKC cited sustained investments in the grain supply chain and coordination with customers as drivers of the volumes and pointed readers to its annual grain service plan for outlook details.

Positive

• April tonnage record: 2.9 MMT moved in April 2026
• April carloads record: 30,381 carloads in April 2026
• Q1 volume record: 7.2 MMT in first quarter 2026
• Crop-year through 38 weeks: 21.9 MMT transported

Negative

• None.

Argus May 5 session

+0.45% close to close Open Argus

Details

News Market Reaction – CP

On May 5, the first trading day after this news, CP closed 0.45% above the previous close.

Data tracked by StockTitan Argus for the May 5 session.

Market Context

This announcement underscores CPKC’s strong operational momentum, with record Canadian grain volumes...

Analysis

This announcement underscores CPKC’s strong operational momentum, with record Canadian grain volumes of 2.9 MMT in April and a record first quarter total of 7.2 MMT. These figures build on earlier disclosures that grain has been a key volume driver. Investors may track how sustained volume strength translates into revenue and margin performance in upcoming quarters, alongside ongoing capital allocation decisions and labor agreements already outlined in recent filings and news.

Key Figures

April grain volume: 2.9 MMT April carloads: 30,381 carloads Q1 grain volume: 7.2 MMT +5 more

April grain volume

2.9 MMT

Canadian grain and grain products moved in April 2026

April carloads

30,381 carloads

Canadian grain carloads in April 2026

Q1 grain volume

7.2 MMT

First quarter 2026 Canadian grain and grain products

Crop-year volume

21.9 MMT

First 38 weeks of 2025–2026 Canadian grain crop year

January grain volume

2.395 MMT

January 2026 Canadian grain moved

January carloads

24,688 carloads

January 2026 Canadian grain carloads

February grain volume

2.232 MMT

February 2026 Canadian grain moved

February carloads

23,088 carloads

February 2026 Canadian grain carloads

Historical Context

5 past events · Latest: Apr 30

5 events

1. Apr 30

   Conference appearance

   24h Move

   +3.2%

   Executives scheduled to speak at Bank of America transportation conference.

2. Apr 29

   Quarterly earnings

   24h Move

   +3.2%

   Q1 2026 results with solid EPS and volumes and guidance confidence.

3. Apr 29

   Governance update

   24h Move

   -2.9%

   All management‑nominated directors elected with strong shareholder support.

4. Apr 28

   Dividend increase

   24h Move

   -2.9%

   Quarterly dividend raised 17.5% to $0.268 per share for shareholders.

5. Apr 24

   Labor agreements

   24h Move

   +0.5%

   Tentative long‑term U.S. labor deals consolidating 11 contracts to two.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

metric tonnes, carloads

2 terms

metric tonnes technical

"moving 2.9 million metric tonnes (MMT) in April 2026."

Metric tonnes are a unit of mass equal to 1,000 kilograms (about 2,205 pounds), roughly the weight of a small car. Investors see this unit used to report volumes of commodities, raw materials and finished goods—so knowing how many metric tonnes are produced, shipped or stored helps assess supply, demand and revenue potential. It provides a common scale for comparing production, inventory and trade across markets and companies.

carloads technical

"Last month's 30,381 carloads also set a new April monthly record"

Carloads are the number of freight rail cars loaded with goods during a reporting period, essentially the railroad equivalent of counting truckloads moved. For investors, changes in carload counts act like a traffic meter for the economy and for rail companies: rising carloads usually mean stronger demand, higher potential revenue and healthier supply chains, while falling carloads can signal weakening commodity demand or logistical slowdowns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CALGARY, AB, May 4, 2026 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has broken its April monthly record for transporting Canadian grain and grain products, moving 2.9 million metric tonnes (MMT) in April 2026. This new April achievement beat the previous tonnage record set in April 2020. Last month's 30,381 carloads also set a new April monthly record, beating the previous high set in April 2020.

"We have started 2026 with a record first quarter for the movement of Canadian grain and have set monthly records in three of the first four months of the year as we move a record grain crop across Western Canada," said Elizabeth Hucker, Vice-President Sales and Marketing Bulk. "Our ability to safely and efficiently deliver record grain volumes comes from sustained investments in the grain supply chain and working closely with our customers across our network."

First quarter totals of 7.2 MMT beat the previous record quarter reached in the first quarter of 2021. Through the first 38 weeks of the 2025-2026 crop year, CPKC transported more than 21.9 MMT of Canadian grain and grain products. These are the largest Canadian grain totals since the record setting 2020-2021 crop year.

To begin 2026, CPKC set a new January monthly Canadian grain record moving 2.395 MMT beating the previous tonnage record set in January 2023. January's 24,688 carloads also set a new monthly record, beating the previous high also set in January 2023. In February, CPKC moved 2.232 MMT beating the previous tonnage record set in February 2021. February's 23,088 carloads also set a new February monthly record, beating the previous high set in February 2021.

The volumes of Canadian grain and grain products moving on our railway in multiple weeks exceeded the average supply chain capacity targets outlined in our annual grain service plan. It is critical that all supply chain participants, including customer loading facilities and terminal operators loading grain into vessels at ports, operate at full capacity to sustain this strong momentum.

Effective crop year and winter planning and demand forecasting helps prepare the railway so that CPKC can serve the needs of its customers, and by extension, the broader economy. CPKC has outlined its Canadian grain service outlook in its annual plan available on cpkcr.com.

About CPKC

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing approximately 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

View original content to download multimedia:https://www.prnewswire.com/news-releases/cpkc-sets-new-april-monthly-grain-records-302761790.html

SOURCE CPKC

FAQ

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

How much Canadian grain did CPKC (CP) move in April 2026?

CPKC moved 2.9 million metric tonnes of Canadian grain and grain products in April 2026. According to the company, this surpassed the previous April record (April 2020) and was supported by investments in the grain supply chain and customer coordination.

What April 2026 carload record did CPKC (CP) set?

CPKC reported 30,381 carloads in April 2026, a new April monthly high. According to the company, this beat the prior April record and reflects higher weekly throughput and coordinated supply chain activity across Western Canada.

What were CPKC's Canadian grain volumes in Q1 2026 (CP)?

CPKC recorded 7.2 million metric tonnes of Canadian grain and grain products in the first quarter of 2026. According to the company, this exceeded the previous quarterly record set in Q1 2021 and reflects strong early-year movement.

How much grain has CPKC (CP) moved in the 2025-2026 crop year so far?

Through the first 38 weeks of the 2025-2026 crop year, CPKC moved more than 21.9 MMT of Canadian grain and grain products. According to the company, these are the largest totals since the 2020-2021 crop year.

Where can investors find CPKC's grain service outlook for CP?

Investors can review CPKC's annual grain service plan for detailed outlook and capacity targets. According to the company, the plan outlines supply chain capacity goals and operational steps to sustain record grain movements.