MEDIUMBuilt-inRegulatory
Canada Transportation Act
“10-K Item 1: 'The majority of Canadian grain shipments are regulated by the Canadian government through the Canada Transportation Act'”
CP · Concentration risk · 10-K extracted
Canadian Pacific Kansas City Li (CP) concentration risks
Updated
The most significant concentration Canadian Pacific Kansas City Li discloses is Canada Transportation Act, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Canadian Pacific Kansas City Li’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inCommodity
22%
Grain
“10-K Item 1: 'The Company's Grain business represented approximately 61% of bulk revenues and 22% of total Freight revenues in 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The railroad's disclosed concentration profile is narrow, covering one regulatory exposure and one commodity-segment concentration, with both rated at moderate or low share by disclosed size and both structural in character. The regulatory exposure relates to grain transportation: the majority of Canadian grain shipments are regulated by the Canadian government through the Canada Transportation Act, a moderate-share structural dependency on government pricing oversight. For a railroad whose Canadian operations move a significant portion of prairie grain exports, this regulatory framework determines the commercial terms available on a major traffic lane. Any change in the regulated revenue framework for grain could affect the economics of that commodity segment. The grain business itself is sized at a low share of total Freight revenues: the company's Grain business represented approximately 22% of total Freight revenues in 2025 — a low-share structural exposure that reflects the seasonal and commodity-price-sensitive nature of agricultural shipments. While grain is the largest component of the company's bulk traffic, at that revenue share it is not dominant enough at the enterprise level to independently move the overall verdict; weather cycles, crop yields, and export demand are the primary variables that drive the revenue within that band. The two exposures are connected — regulatory oversight governs the pricing of the same commodity segment that represents the low-share revenue exposure — making them best understood together as a single regulated-grain theme rather than as independent risk vectors. No customer, supplier, or other geographic concentration is disclosed alongside them.
For the engine’s reasoning on CP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Railroads
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| GBX | Greenbrier Companies, Inc. (The | 0 | 2 | 0 | 2 |
| TRN | Trinity Industries, Inc. | 0 | 2 | 0 | 2 |
| CP● | Canadian Pacific Kansas City Li | 0 | 1 | 1 | 2 |
| CSX | CSX Corporation | 0 | 0 | 0 | 0 |
| NSC | Norfolk Southern Corporation | 0 | 0 | 0 | 0 |
| UNP | Union Pacific Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.