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CPKC Posts June Grain Record; Signals Volume Growth for CP

Jul 7, 2026, 8:47 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strong grain-transport metrics imply higher vehicle-miles and utilization, potentially lifting CP’s near-term revenue/volume trajectory and investor sentiment on CP stock.

AI summary

What happened, with direct paths to the underlying reporting

CPKC reported 2.8 MMT of Canadian grain moved in June 2026, topping the 2020 record and fueling Q2 records for tonnage and carloads. Through Week 48 of 2025-2026, Canadian grain totals reached 28.4 MMT, the largest since 2020-2021, while U.S. moves in June reached 2.5 MMT and Q2 at 7.5 MMT. The data underpins volume growth for CP's cross-border rail network and may support near-term earnings momentum.

CPKC moved 2.8 MMT of Canadian grain in June 2026.
June tonnage beat the prior 2020 record; Q2 also a new high.
Week 48 of 2025-2026 crop year totals 28.4 MMT, largest since 2020-2021.
U.S. June grain moves 2.5 MMT; Q2 7.5 MMT, record highs.
CPKC remains a cross-border rail leader with extensive network reach.

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