CPKC sets new May monthly grain record

Canadian Pacific Kansas City (TSX: CP, NYSE: CP) reported a new May record for transporting Canadian grain and grain products, moving 2.9 million metric tonnes in May 2026 and 30,324 carloads.

Rhea-AI Summary

Canadian Pacific Kansas City (TSX: CP, NYSE: CP) reported a new May record for transporting Canadian grain and grain products, moving 2.9 million metric tonnes in May 2026 and 30,324 carloads.

Through Week 43 of the 2025-2026 crop year, CPKC moved over 25.3 MMT, the highest total since 2020-2021, with multiple weeks above its grain service plan capacity targets.

Positive

• 2.9 MMT of Canadian grain moved in May 2026, a new May record
• May 2026 carloads of 30,324 set a new May monthly record
• More than 25.3 MMT moved through Week 43 of 2025-2026 crop year
• Largest Canadian grain totals since the record 2020-2021 crop year
• Monthly grain records set in four of the first five months of 2026
• Multiple weeks exceeded average supply chain capacity targets in grain plan

Negative

• Sustaining momentum depends on all supply chain participants operating at full capacity

Argus Jun 3 session

-1.14% close to close Open Argus

Details

News Market Reaction – CP

On Jun 3, the first trading day after this news, CP closed 1.14% below the previous close.

Data tracked by StockTitan Argus for the Jun 3 session.

Market Context

This announcement highlights record May grain shipments of 2.9 MMT and crop‑year volumes of 25.3 MMT...

Analysis

This announcement highlights record May grain shipments of 2.9 MMT and crop‑year volumes of 25.3 MMT, the strongest since 2020–2021, underscoring network capacity and demand in CPKC’s grain franchise. It follows earlier 2026 records in January, February and April. Set against softer Q1 earnings, higher dividends and ongoing capital investment, investors may watch whether elevated volumes persist into upcoming quarters and how they translate into revenue and operating ratio trends.

Key Figures

May 2026 grain moved: 2.9 MMT May 2026 grain carloads: 30,324 carloads Crop-year grain volume: 25.3 MMT +1 more

May 2026 grain moved

2.9 MMT

Canadian grain and grain products moved in May 2026

May 2026 grain carloads

30,324 carloads

Canadian grain and grain product carloads in May 2026

Crop-year grain volume

25.3 MMT

Canadian grain and grain products through Week 43 of 2025–2026 crop year

Record months in 2026

4 of first 5 months

Monthly Canadian grain volume records set in Jan, Feb, Apr, and May 2026

Historical Context

5 past events · Latest: May 27

5 events

1. May 27

   Labor strike notice

   24h Move

   -0.7%

   72-hour strike notice from IBEW covering Signals & Communications staff.

2. May 27

   Investor conference

   24h Move

   +2.4%

   EVP-level presentation at Wells Fargo Industrials & Materials Conference.

3. May 11

   Industry merger comment

   24h Move

   -1.5%

   CEO statement regarding UP-NS merger application refiling in rail sector.

4. May 08

   CEO conference talk

   24h Move

   +1.0%

   CEO keynote at Wolfe Research Global Transportation & Industrials Conference.

5. May 07

   CMO conference talk

   24h Move

   -0.9%

   EVP and CMO appearance at RBC Capital Markets Canadian 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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

CALGARY, AB, June 2, 2026 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has broken its May monthly record for transporting Canadian grain and grain products, moving 2.9 million metric tonnes (MMT) in May 2026. The new May achievement beat the previous tonnage record set in May 2020. Last month's 30,324 carloads also set a new May monthly record, beating the previous high set in May 2020.

CPKC previously set records for the movement of Canadian grain in the first quarter and set monthly records in four of the first five months of 2026. Monthly records earlier this year have been set in January, February, and April.

Through Week 43 of the 2025-2026 crop year, CPKC transported more than 25.3 MMT of Canadian grain and grain products. These are the largest Canadian grain totals since the record setting 2020-2021 crop year.

This crop year, the volumes of Canadian grain and grain products moving on the CPKC network in multiple weeks exceeded the average supply chain capacity targets outlined in CPKC's 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.

CPKC outlines 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-may-monthly-grain-record-302789178.html

SOURCE CPKC

FAQ

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

What grain transportation record did CPKC (TSX: CP, NYSE: CP) set in May 2026?

CPKC set a new May record by moving 2.9 million metric tonnes of Canadian grain and grain products. According to CPKC, this surpassed the previous May tonnage record established in 2020 and reflects strong grain shipping activity on its network.

How many grain carloads did CPKC handle in May 2026?

CPKC moved 30,324 carloads of Canadian grain and grain products in May 2026, a new May record. According to CPKC, this carload total exceeded the prior May high set in 2020, highlighting elevated grain traffic across its network.

How much Canadian grain has CPKC transported in the 2025-2026 crop year so far?

Through Week 43 of the 2025-2026 crop year, CPKC transported more than 25.3 million metric tonnes of Canadian grain and grain products. According to CPKC, these are the largest Canadian grain totals since the record-setting 2020-2021 crop year.

How often has CPKC (CP) set monthly Canadian grain records in 2026?

CPKC has set Canadian grain monthly records in four of the first five months of 2026. According to CPKC, records were achieved in January, February, April, and May, signaling sustained high-volume grain movements on its network.

What does exceeding grain service plan capacity targets mean for CPKC shareholders?

Exceeding average supply chain capacity targets suggests CPKC is moving more grain than planned in several weeks. According to CPKC, multiple weeks surpassed these targets, which may signal strong demand and effective network utilization for grain transportation.

Where can investors find CPKC’s Canadian grain service outlook for 2025-2026?

Investors can review CPKC’s Canadian grain service outlook in its annual grain service plan available on cpkcr.com. According to CPKC, this plan outlines capacity targets and expectations for grain movements across its network each crop year.