Canadian National Railway (CNR.TO, CNI) in May moved over 2.96 million tonnes (MMT) of grain from Western Canada, surpassing the previous monthly record of 2.54 MMT set in May 2025 and establishing another new monthly record for grain movement, the company said Monday, as its shares rose to a 52-week high.
"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," it added.
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, the rail company said. 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, it added.
CNR shares were at last look up $2.71 to $165.96 on the Toronto Stock Exchange, surpassing the previous 52-week high of $165.45.
Price: $166.00, Change: $+2.75, Percent Change: +1.68%