Canadian Pacific Kansas City (CP) Keeps Breaking Grain Shipping Records As Momentum Builds

With an upside potential of 12.19%, Canadian Pacific Kansas City Limited (NYSE:CP) is among the Best Transport Infrastructure Stocks to Buy for 2026.

On May 4, Canadian Pacific Kansas City Limited reported that it broke its April monthly record for transporting Canadian grain and grain products, moving 2.9 million metric tons (MMT). This surpassed the previous April record set in 2020, with 30,381 carloads also establishing a new monthly high. Q1 totals reached 7.2 MMT, exceeding the prior quarterly record set in Q1 2021. Over the first 38 weeks of the 2025–2026 crop year, CPKC transported more than 21.9 MMT of Canadian grain and grain products, marking the highest levels since the 2020–2021 crop year. Earlier in 2026, the company set new monthly records in January with 2.395 MMT and 24,688 carloads, and in February with 2.232 MMT and 23,088 carloads, each surpassing prior records set in 2023 and 2021, respectively.

On May 1, Citigroup raised its price target on Canadian Pacific Kansas City Limited to $97 from $93 while maintaining a Buy rating, reflecting continued confidence in the company’s operational momentum and growth outlook.

Canadian Pacific Kansas City Limited, formed on April 14, 2023, through the merger of Canadian Pacific and Kansas City Southern, is a Calgary, Alberta-headquartered railway holding company that operates the single-line freight rail network connecting Canada, the United States, and Mexico.

Record-breaking grain transportation volumes highlight CP’s strong demand environment and its ability to efficiently scale operations across its unique tri-national network. Combined with positive analyst sentiment and pricing power in essential commodities transport, the company is well-positioned to deliver sustained revenue growth and margin expansion.

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