Canadian National Railway stock: October grain shipments set record

Canadian National Railway set a new monthly record for grain and processed grain shipments across Canada in October, adding an operating milestone to a week shaped by strong third-quarter results and a planned finance leadership transition. Canadian National Railway stock traded at 111.33 euros on Lang & Schwarz at 10:34 CET on Saturday, November 7, 2026; the real-time quote of Canadian National Railway stock is available here.

Two operating signals stand out

In a GlobeNewswire release dated November 5, CN said it moved 3.54 million metric tonnes of grain and processed grain products across Canada in October. That exceeded the previous monthly record of 3.51 million metric tonnes set in October 2025. Western Canadian shipments matched the best October result at 3.43 million metric tonnes.

The announcement puts the railroad into the winter shipping season with customer demand and supply-chain coordination as central operating themes. CN said its winter plan is intended to support grain movements through the 2026-2027 crop year.

Leadership transition moves closer

For the quarter ended September 30, CN reported revenue of C$4.771 billion, up 15 percent from a year earlier, according to Railway Age. Adjusted diluted earnings per share rose 18 percent to C$2.16, while revenue ton miles increased 4 percent. CN maintained its outlook for adjusted diluted EPS growth in the mid-to-high single-digit range for 2026.

Chief Financial Officer Ghislain Houle is scheduled to retire after February 1, 2027. Jamie Lockwood, currently vice president of investor relations and special projects, is set to succeed him. Houle is expected to remain as a strategic adviser through March 31, 2027, supporting continuity through the year-end reporting cycle.

The broader Canadian market remains a relevant backdrop for rail investors; see the S&P/TSX Composite market coverage.

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