CN Sets New Quarterly Grain Movement Record in Western Canada

CN (TSX: CNR) (NYSE: CNI) has set a new quarterly record for grain movement, transporting 7.94 million metric tonnes (MMT) of grain from Western Canada in Q3 2026. This surpasses the previous record of 7.48 MMT set in 2020. The company attributes this achievement to strong customer demand, effective collaboration across the grain supply chain, and the successful execution of its operational strategies.

CN is committed to maintaining this performance through the winter season. The company recently released its 2026-2027 Winter Plan, outlining proactive measures to ensure safe and reliable service. This plan is designed to support continuous operations despite potential winter challenges.

CN's extensive rail network plays a crucial role in the North American economy. The company transports over 300 million tons of goods annually, connecting key trade routes across Canada and the United States. Since its founding in 1919, CN has been a vital part of the continent's transportation infrastructure.

Analysts have issued varying price targets for CNI, with a median target of $135.0. Recent targets range from $109.0 to $185.0, reflecting differing expectations about the company's future performance.