Canadian Pacific Kansas City’s CP record grain volumes in September and the third quarter highlight the strength and efficiency of its North American grain transportation operations. CP moved 2.94 million metric tons in Canada and 2.51 million metric tons in the United States during September, demonstrating its ability to handle significant volumes during a critical period of the crop year.
Both Canada and the United States set new third-quarter records, reflecting strong grain movement and the importance of reliable rail transportation in connecting producers and grain customers with domestic and international markets. Surpassing the previous records set in 2020 further underscores CP’s strong performance.
CP’s performance also underscores the value of collaboration across the grain supply chain. The company’s focus on safe, reliable and consistent service, along with coordination among railroaders, customers and other supply-chain participants, supports strong execution as the 2026-2027 crop year gets underway.
With more than 4.99 million metric tons and 51,268 carloads of Canadian grain moved through Week 8, CP is off to a strong start. Maintaining service reliability and capacity will be key to sustaining this momentum and supporting producers and grain customers throughout the remainder of the crop year.
Canadian Pacific’s Share Price Performance
CP’s shares have gained 16.8% over the year-to-date period compared with the Transportation - Rail industry’s 20.3% growth.
Image Source: Zacks Investment Research
CP’s Zacks Rank
CP currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Investors interested in the Zacks Transportation sector may consider better-ranked stocks like Expeditors International of Washington, Inc. EXPD and Herc Holdings HRI.
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 beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 17.15%.
Herc Holdings currently sports a Zacks Rank #1.
HRI has a negative expected earnings growth rate of 8.4% for the current year. However, 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 60.64%.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This innovative software-as-a-service firm upped its user base +22% year over year. That rate is increasing and margins are expanding as AI efficiencies take effect. Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Canadian Pacific Kansas City Limited (CP): Free Stock Analysis Report
Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report
Herc Holdings Inc. (HRI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).