Canadian Pacific Reaches New August Milestone for Grain Shipments

Canadian Pacific Kansas City (CP)is benefiting from strong grain export demand and continued operational efficiency, as evidenced by its record-setting grain volumes in August 2026. The company transported 2.54 million metric tonnes (MMT) of Canadian grain and grain products and 26,051 carloads during August 2026, surpassing the earlier tonnage and carload records set in August 2020.

The August achievement covers the first four weeks of the 2026-2027 crop year, which started on Aug. 1, 2026, and it reflects a solid start to the new crop year.

Across Canadian Pacific's U.S. and Canadian network, a combined monthly tonnage record of 4.86 MMT and 50,396 carloads was achieved in August.

This achievement highlights the railroad's ability to support elevated agricultural shipments while maintaining network fluidity. The record performance builds on a strong trend throughout the 2025-2026 crop year. Canadian Pacific ended the 2025-2026 crop year by moving 30.66 MMT of Canadian grain and grain products during the 12-month period. This annual volume surpassed the earlier record set in the 2020–2021 crop year. Monthly records earlier this year have been set in January, February, April, May and June.

The sustained growth underscores favorable grain production and resilient export demand across global markets. It also demonstrates the effectiveness of CP’s rail network and reinforces its role as a key transportation partner for Canada's agricultural sector. Strong grain volumes also provide a supportive backdrop for revenue generation and asset utilization.

August 2026 Grain Performance of Another Railroad Company

Apart from Canadian Pacific,Canadian National Railway (CNI) set a new record for grain movement in August 2026. The company moved 2.50 MMT of grain during the month, exceeding the previous August record of 2.34 MMT set in 2020. Strong demand and efficient network operations are likely to remain supportive as the company enters the new crop year.

The record grain movement reflects a robust start to the 2026–2027 crop year as the harvest season advances across Western Canada and new grain starts moving through the supply chain. The strong performance also indicates effective coordination with customers and other supply-chain partners, along with consistent execution of CNI’s operating plan. The company’s ability to unlock incremental capacity supported higher volumes while strengthening service reliability across the grain supply chain.

CP’s Zacks Rank and Stocks to Consider

Currently, CP carries a Zacks Rank #3 (Hold).

Investors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. EXPD and Seanergy Maritime Holdings SHIP. 

Expeditors currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

EXPD has an expected earnings growth rate of 28.6% for 2026.  The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 17.15%.

Seanergy Maritime Holdings currently sports a Zacks Rank #1.

SHIP has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 38%.

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