* Subject: A subject is the noun or pronoun that performs the action of the verb. We don't know what is doing the transporting in this phrase.
* Predicate: The predicate includes the verb and all the words that describe the action or state of being of the subject.
To make this into a sentence, you'd need to add a subject and a verb. For example:
* Subject: The ship
* Predicate: transported cargo through the canal.
Complete Sentence: The ship transported cargo through the canal.