CN Sets New Quarterly Grain Movement Record in Western Canada

CN achieved a record 7.94 MMT of grain movement in Q3 2026, exceeding prior records.

Quiver AI Summary

CN has reported a new quarterly record for grain movement, transporting 7.94 million metric tonnes (MMT) of grain from Western Canada in the third quarter of 2026, exceeding the previous record of 7.48 MMT set in 2020. This achievement is attributed to strong customer demand, effective collaboration throughout the grain supply chain, and efficient execution of CN’s operational strategies. The company is committed to maintaining this performance through the winter, as evidenced by the recent release of its 2026-2027 Winter Plan aimed at ensuring safe and reliable service. CN plays a vital role in the North American economy by transporting over 300 million tons of goods annually across its extensive rail network.

Potential Positives

CN set a new quarterly record for grain movement, transporting 7.94 million metric tonnes of grain from Western Canada, indicating strong operational performance.
The achievement reflects robust customer demand and effective collaboration across the grain supply chain, boosting confidence in CN's market position.
CN's proactive Winter Plan outlines measures to ensure safe and reliable service during winter operations, highlighting the company's commitment to operational excellence.
CN's extensive rail network plays a critical role in facilitating trade across North America, contributing to the economy and community prosperity, reinforcing its significance in the transportation industry.

Potential Negatives

While CN reported record grain movement, an over-reliance on this commodity can expose the company to significant risks if market conditions for grain shift unexpectedly.
The announcement may create high expectations among stakeholders for future performance, which could lead to disappointment if these are not met in subsequent quarters.
Competitive pressures in the rail transport sector may create challenges in maintaining such high levels of performance, prompting concerns about long-term sustainability of these results.

FAQ

What new record did CN set for grain movement?

CN set a new quarterly record by moving 7.94 million metric tonnes of grain from Western Canada in Q3 2026.

How does CN plan to sustain its momentum through winter?

CN aims to maintain momentum by executing its 2026-2027 Winter Plan, ensuring safe and reliable service to customers.

What factors contributed to CN's record grain movement?

The record grain movement resulted from strong customer demand, collaboration across the supply chain, and effective execution of CN's operating plan.

What is CN's role in the North American economy?

CN powers the economy by transporting over 300 million tons of resources and goods across North America, connecting vital trade routes.

When was CN founded and what is its rail network size?

CN was founded in 1919 and operates a nearly 20,000-mile rail network across North America.

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 361 institutional investors add shares of $CNI stock to their portfolio, and 316 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LAZARD ASSET MANAGEMENT LLC removed 4,992,105 shares (-56.1%) from their portfolio in Q2 2026, for an estimated $595,258,600
ROYAL BANK OF CANADA added 3,646,856 shares (+13.3%) to their portfolio in Q2 2026, for an estimated $434,851,109
CIBC ASSET MANAGEMENT INC added 3,193,207 shares (+87.0%) to their portfolio in Q2 2026, for an estimated $380,758,002
WELLINGTON MANAGEMENT GROUP LLP removed 2,985,994 shares (-25.9%) from their portfolio in Q2 2026, for an estimated $356,049,924
JPMORGAN CHASE & CO added 2,621,159 shares (+inf%) to their portfolio in Q2 2026, for an estimated $312,546,999
HARDING LOEVNER LP added 2,549,371 shares (+89.7%) to their portfolio in Q2 2026, for an estimated $303,986,998
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 2,333,392 shares (-62.2%) from their portfolio in Q2 2026, for an estimated $278,233,662

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 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 $135.0.

Here are some recent targets:

Ariel Rosa from Citigroup set a target price of $141.0 on 07/09/2026
Christian Wetherbee from Wells Fargo set a target price of $135.0 on 07/08/2026
Jonathan Chappell from Evercore ISI Group set a target price of $124.0 on 06/25/2026
Kevin Chiang from CIBC set a target price of $185.0 on 06/25/2026
Brandon Oglenski from Barclays set a target price of $109.0 on 06/25/2026
Ken Hoexter from B of A Securities set a target price of $134.0 on 06/23/2026
Walter Spracklin from RBC Capital set a target price of $178.0 on 04/30/2026

Full Release

MONTREAL, Oct. 06, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that it set a new quarterly record for grain movement. CN moved 7.94 million metric tonnes (MMT) of grain from Western Canada in its third quarter, surpassing the previous record of 7.48 MMT set in 2020.

The strong performance reflects robust customer demand, close collaboration across the grain supply chain and consistent execution of CN’s operating plan. CN remains focused on sustaining this momentum through winter while continuing to deliver safe, reliable and consistent service to producers, grain companies and supply chain partners.

CN Winter Plan
As CN prepares for winter operations, the Company recently published its 2026-2027 Winter Plan , outlining the proactive solutions in place across its network to support safe and reliable service.

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
[email protected]	[email protected]