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What Led to Canadian Pacific Railway’s Volume Rise in Week 30?


Nov. 20 2020, Updated 11:57 a.m. ET

Canadian Pacific’s freight volume

In the final part of this series, we’ll review the freight traffic of Canadian Pacific Railway (CP). This Calgary-headquartered rail carrier registered a railcar volume gain of 2.6% in the week ended July 29, 2017. CP hauled slightly more than 30,000 railcars in the 30th week compared with over 29,000 railcars in the 30th week last year.

Canadian Pacific Railway witnessed a volume rise in railcars including coal railcars. The company’s other than coal and coke railcars grew 1.1% to ~24,000 from 23,000 plus units in week 30 of 2016. The coal railcars grew 8.5% to 6,500 in the reported week of 2017 compared to 6,000 railcars in the same week last year.

In the 30th week of 2017, CP’s railcar volume growth was in sharp contrast with the slump reported by US railroads. However, the same was much in line with the rise posted by Canadian railroads.

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CP’s intermodal in week 30

Canadian Pacific Railway witnessed a slight rise in its intermodal traffic in the week ended July 29, 2017. The company’s containers and trailers volume was just above 19,000 units, reflecting almost equal volumes hauled in the week ended July 30, 2016.

In intermodal traffic, Canadian Pacific Railway reported a 5% rise compared to 2.9% for US railroads overall.

ETF discussion

Canadian Pacific Railway is included in the portfolio holdings of Vanguard Total International Stock ETF (VXUS). If you want exposure to foreign stocks, you can opt for VXUS. VXUS’s key holdings are in Taiwan Semiconductor Manufacturing (TSM), Vodafone Group (VOD), and BP (BP).  For ongoing updates on the railroad sector, please visit Market Realist’s Railroads page.


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