Canadian Pacific Sets February Record for Grain Transport

Canadian Pacific Kansas City CP reported a new February record in 2026, transporting 2.232 million metric tons (“MMT”) of Canadian grain and grain products, surpassing the previous record from 2021. The company moved 23,088 carloads during the month, highlighting strong demand for Canadian grain exports and efficient operations across its rail network.

The company continued its strong momentum from January 2026, when it transported 2.395 MMT of Canadian grain and 24,688 carloads, both monthly records. During the first 30 weeks of the 2025-2026 crop year, CP moved more than 17.1 MMT of Canadian grain, marking the highest level since the record-setting 2020-2021.

CP transported about 4.501 MMT of total grain across Canada and the United States in February, moving 46,896 carloads and setting another monthly record for its network. The company attributed the strong performance to investments in the grain supply chain, improved grain-handling capacity and close coordination with customers and supply-chain partners.

Share Price Performance

The company’s shares have increased 15% over the past three months compared with Transportation - Rail’s 13.8% rise.

CP’s Zacks Rank

CP currently carries a Zacks Rank #3 (Hold).

Stocks to Consider

Investors interested in the Zacks Transportation sector may consider Southwest Airlines LUV and Wabtec WAB. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

LUV currently sports a Zacks Rank #1.

Southwest Airlines has an expected earnings growth rate of more than 100% for the current year.  The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters, and missed the mark once, delivering an average beat of 253.92%.

Wabtec currently carries a Zacks Rank #2 (Buy).

WAB has an expected earnings growth rate of more than 14.9% 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 5.8%.

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This article originally published on Zacks Investment Research (zacks.com).

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