Canadian Pacific Kansas City (CPKC) reported a 2% decrease in its revenue in the first quarter of 2026 (1Q26) compared to the same period last year.
According to its quarterly report, the railway company stated that in Q1 2026 it earned 3.701 billion Canadian dollars compared to 3.795 billion Canadian dollars in the same period of 2025.
“Despite ongoing market and macroeconomic headwinds, we achieved volume growth, demonstrating the resilience and competitive advantage of our unmatched North American network,” said Keith Creel, President and CEO of CPKC.
During the first quarter of the year, the movement of the grain segment, and that of fertilizers and sulfur, were the only ones that registered growth .
For the first segment, the railway company explained that the increase was due to larger volumes of Canadian grains to Vancouver, British Columbia and eastern Canada, and of US grains to Mexico and the Pacific Northwest of the United States.
CPKC mentioned that its volumes, measured in tonnes per revenue mile, increased by 2% compared to the same period in 2025.
“CPKC’s long-term value proposition is strong, and we are confident in our ability to deliver on our full annual commitment, while continuing to provide unique solutions to our customers and connecting this continent in ways only CPKC can,” Creel emphasized.
He noted that looking ahead, comparisons will be more challenging in the second quarter before the new products become available at the Port of St. John and also in Lázaro Cárdenas, and increase in the second half of the year.
He announced that in the coming days they will unveil the Southeast Mexico Express (SMX) service and the partnership with CSX . The new product will offer customers truck-like reliability, connecting some of North America’s largest production and consumption markets between Mexico, Texas, Georgia, and Florida .
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