During the second quarter of 2025 (2Q25), Canadian Pacific Kansas City (CPKC)  reported 3% year-over-year revenue growth , driven primarily by its intermodal, grain, and coal segments.

“Looking ahead, we remain confident in our ability to meet our full-year guidance while achieving sustainable growth that delivers value for our shareholders, customers, and all stakeholders,” said Keith Creel, CPKC president and CEO.

According to the report, revenue ended the period at 3.7 billion Canadian dollars, compared to 3.6 billion Canadian dollars compared to the same period in 2024.

The railroad indicated that the growth in intermodal was due to the recent alliance with Gemini, and the robust portfolio of opportunities for  services with Mexico and Americold . “We anticipate continued strength in international intermodal in the second half of the year.”

He also detailed that the increase in grains was driven, among other factors, by export shipments of Canadian grains from the 2024/2025 harvest and from the United States to Mexico . “A strong second half of the year is expected for potassium, higher coal volumes due to strong mining production and reduced inventories.”

In Q2 2025, diluted earnings per share increased 37% to CAD$1.33, while adjusted diluted earnings per share increased 7% to CAD$1.12. Net income was CAD$1.23 billion compared to CAD$903 million for the same period last year.

“We are executing our strategy by capitalizing on a variety of unique opportunities across our three-nation network, opportunities to grow our business by supporting our customers in reaching new markets,” added Keith Creel.

CPKC reaffirmed its outlook for 2025, projecting growth of between 10% and 14 percent .

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