# CP Rail revenue sags due to bad winter, lower grain shipments and labour dispute - Financial Post

> Canadian Pacific Railway reported first-quarter revenue down 6% with grain revenue off 20%, citing a harsh winter, a two-day work stoppage and lower grain volumes after last year's Prairie drought. The CEO said the company expects tight Canadian grain supply to keep pressuring the railroad into the third quarter.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: logistics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41859-cp-rail-revenue-sags-due-to-bad-winter-lower-grain-shipments-and-labour-dispute
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Canadian grain volumes and rail disruption tighten movement of canola and feed grains, supporting Canadian origin prices.

## Read by commodity

- WHEAT: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-03-19 | ['We apologize': CN and CP reiterate recovery plan amid continued grain backlog - Financial Post](https://feedsoft.ai/events/66017-we-apologize-cn-and-cp-reiterate-recovery-plan-amid-continued-grain-backlog.md) | -0.5% | +3.6% |
| WHEAT | 2025-07-14 | [Ruling allows CPKC grain shipments using UP rail \| World Grain](https://feedsoft.ai/events/23754-ruling-allows-cpkc-grain-shipments-using-up-rail-world-grain.md) | -1.6% | -2.0% |
| WHEAT | 2022-05-26 | [Rail backlogs delay food shipments in U.S. \| The Western Producer](https://feedsoft.ai/events/41436-rail-backlogs-delay-food-shipments-in-u-s-the-western-producer.md) | -1.9% | -2.9% |
| WHEAT | 2019-12-12 | [Canadian National grain shipments return to pre-strike levels - FreightWaves](https://feedsoft.ai/events/55599-canadian-national-grain-shipments-return-to-pre-strike-levels-freightwaves.md) | +2.5% | +4.4% |
| WHEAT | 2016-11-07 | [CP Rail says October grain shipments set record, proves it can move bumper crop \| iNFOnews.ca](https://feedsoft.ai/events/73858-cp-rail-says-october-grain-shipments-set-record-proves-it-can-move-bumper-crop.md) | +1.2% | +0.3% |

## Sources

- financialpost.com: https://financialpost.com/transportation/cp-rail-revenue-sags-due-to-bad-winter-lower-grain-shipments-and-labour-dispute/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.