Canadian Pacific Kansas City railways see revenue surge on record grain harvest

Canadian Pacific Kansas City (CPKC) reported a 13% increase in second‑quarter revenue, rising to $4.16 billion from $3.70 billion a year earlier. Net income fell slightly to $1.02 billion, and earnings per share dropped to $1.15 from $1.33.

Revenue from grain transportation – the company's core segment – jumped nearly 25% year over year, while container‑transport revenue rose 11%. CEO Keith Creel attributed the growth to CPKC’s unique position as the only freight railroad serving all three North‑American countries. In a separate announcement, board chair Isabelle Courville retired, ending her tenure that began in May 2019.

The results highlight the impact of an exceptional grain harvest on the railway’s freight volumes and earnings.