CN achieved a record grain movement of 2.96 million metric tonnes in May 2026, exceeding last year's record.
Quiver AI Summary
CN announced that it achieved a record grain movement of over 2.96 million metric tonnes from Western Canada in May 2026, surpassing the previous record of 2.54 million metric tonnes set in May 2025. This accomplishment reflects the company's strong operational performance and the increased export demand and grain supply. As the growing season starts, CN is committed to providing reliable service to farmers and grain companies while maintaining fluid operations within its network. The organization is actively collaborating with its partners to support current shipping needs and ensure continued strong performance in the upcoming crop year.
Potential Positives
- CN achieved a new monthly record of 2.96 million metric tonnes of grain moved from Western Canada, surpassing the previous record of 2.54 MMT set in May 2025.
- The strong performance in grain movement is supported by sustained export demand, an ample grain supply, and efficient operations across CN's network.
- CN’s ability to maintain strong network performance demonstrates its capability to meet customer demand while ensuring fluidity in the supply chain.
- The company is actively collaborating with customers and partners to support shipping needs and maintain high performance into the upcoming crop year.
Potential Negatives
- None
FAQ
What record did CN announce for grain movement in May 2026?
CN announced a new record of over 2.96 million metric tonnes of grain moved from Western Canada in May 2026.
How does CN support grain producers in Western Canada?
CN provides consistent and reliable service, ensuring efficient operations to support grain producers and related supply chain partners.
Why is the achievement significant for CN?
The achievement signifies sustained growth driven by high export demand and efficient network operations, enhancing CN's position in the market.
How long is CN's rail network?
CN operates a nearly 20,000-mile rail network across North America, facilitating trade and sustainable transport of goods.
What does CN transport annually?
CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods each year.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CNI Hedge Fund Activity
We have seen 348 institutional investors add shares of $CNI stock to their portfolio, and 381 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS removed 8,473,655 shares (-85.4%) from their portfolio in Q1 2026, for an estimated $870,837,524
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 6,834,049 shares (-64.6%) from their portfolio in Q1 2026, for an estimated $702,335,215
- CAISSE DE DEPOT ET PLACEMENT DU QUEBEC added 4,889,251 shares (+35.2%) to their portfolio in Q1 2026, for an estimated $502,468,325
- WELLINGTON MANAGEMENT GROUP LLP added 2,207,383 shares (+23.7%) to their portfolio in Q1 2026, for an estimated $226,852,750
- QUADRATURE CAPITAL LTD removed 1,809,305 shares (-80.0%) from their portfolio in Q1 2026, for an estimated $185,942,274
- DEUTSCHE BANK AG\ removed 1,792,982 shares (-19.9%) from their portfolio in Q1 2026, for an estimated $184,264,760
- PRICE T ROWE ASSOCIATES INC /MD/ removed 1,556,416 shares (-19.4%) from their portfolio in Q1 2026, for an estimated $159,952,872
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CNI Analyst Ratings
Wall Street analysts have issued reports on $CNI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 02/02/2026
To track analyst ratings and price targets for $CNI, check out Quiver Quantitative's $CNI forecast page.
$CNI Price Targets
Multiple analysts have issued price targets for $CNI recently. We have seen 7 analysts offer price targets for $CNI in the last 6 months, with a median target of $117.36.
Here are some recent targets:
- Brandon Oglenski from Barclays set a target price of $99.0 on 04/30/2026
- Jonathan Chappell from Evercore ISI Group set a target price of $108.0 on 04/30/2026
- Walter Spracklin from RBC Capital set a target price of $178.0 on 04/30/2026
- Ariel Rosa from Citigroup set a target price of $124.0 on 04/30/2026
- Ken Hoexter from B of A Securities set a target price of $122.0 on 04/09/2026
- David Vernon from Bernstein set a target price of $117.36 on 03/31/2026
- Brady Lierz from Stephens & Co. set a target price of $100.0 on 02/02/2026
Full Release
MONTREAL, June 01, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that in May it moved over 2.96 million metric tonnes (MMT) of grain from Western Canada, surpassing the previous monthly record of 2.54 MMT set in May of 2025 and establishing another new monthly record for grain movement. The achievement continues a strong crop year performance trend for CN, driven by sustained export demand, ample grain supply and efficient operations across its network. CN continues to move high volumes through its Canadian export corridors. The Company’s strong network performance has enabled it to meet customer demand while maintaining fluidity across the supply chain.
As the growing season gets underway across Western Canada, CN remains focused on delivering consistent and reliable service to support producers, grain companies and supply chain partners. Through ongoing collaboration with customers and partners, CN is positioning its network to support current shipping needs and maintain strong performance into this next crop year.
About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.
Contacts:
| Media | Investment Community |
| Ashley Michnowski | Jamie Lockwood |
| Senior Manager | Vice-President |
| Media Relations | Investor Relations and Special Projects |
| (438) 596-4329 |
(514) 399-0052
|
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[email protected]
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[email protected]
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