CPKC sets February record moving 2.23M tonnes of grain

Executive Summary

• Canadian Pacific Kansas City Ltd. (CPKC) set a new February monthly record for transporting Canadian grain and grain products, moving 2,232,000 metric tonnes (MMT) in February 2026, surpassing the previous record set in February 2021.
• The company also recorded a new February monthly record for carloads, moving 23,088 carloads, which beat the prior high from February 2021.
• Through the first 30 weeks of the 2025-2026 crop year, CPKC transported over 17.1 MMT of Canadian grain and grain products, marking the largest totals since the 2020-2021 crop year.

Key Details

• February 2026 Performance:
  • Total Canadian grain and grain products moved: 2,232,000 MMT.
  • Total carloads: 23,088.
  • Both metrics beat the previous records set in February 2021.
• January 2026 Performance:
  • Total Canadian grain and grain products moved: 2,395,000 tonnes (beating the January 2023 record).
  • Total carloads: 24,688 (beating the January 2023 record).
• Crop Year 2025-2026 Cumulative Performance:
  • Through the first 30 weeks, CPKC transported more than 17.1 MMT of Canadian grain and grain products.
  • This volume represents the largest Canadian grain totals since the record-setting 2020-2021 crop year.
• Network-Wide Records (February 2026):
  • Set a February record for total grain moved across the entire CPKC network (Canada and the United States).
  • Total network carloads: 46,896.
  • Total network tonnage: Approximately 4,501,000 tonnes.
  • These figures exceeded prior monthly records set in 2024.
• Operational Context:
  • Volumes in multiple weeks exceeded the average supply chain capacity targets outlined in CPKC's annual grain service plan.
  • CPKC emphasized the critical need for all supply chain participants (customer loading facilities and terminal operators) to operate at full capacity to sustain this momentum.
  • Effective crop year and winter planning, along with demand forecasting, are cited as key factors in preparing the railway to serve customer needs.

Notable Quotes

• "This is the second straight monthly Canadian grain record and it continues a strong start to 2026 as our railroaders work safely and efficiently with our supply chain collaborators to move a record grain crop across Western Canada," said Elizabeth Hucker, vice-president sales and marketing bulk.
• "Our investments in the grain supply chain, combined with our customers' new and upgraded grain-handling capacity, are moving more Canadian grain for export to markets around the world."