Canadian National Railway, Toronto symbol CNR, operates a freight rail network across Canada, and in parts of the United States.
In 2012, we chose its competitor Canadian Pacific Railway as our #1 buy, however, we also have a high opinion of its larger rival, Canadian National Railway—one of North America’s most efficient railways, Toronto Symbol CNR.
Canadian National Railway has thrived since it became a public company in 1995, thanks to a series of acquisitions that greatly expanded its U.S. operations. That has helped Canadian National Railway profit from the North American Free Trade Agreement (NAFTA), which spurred a rapid rise in trade volumes between Canada, the U.S. and Mexico.
Canadian National Railway is the originating carrier for 85% of the goods it ships. This helps the company improve its efficiency and speed up its delivery times, because it has more control over when cargo is transferred from ships and trucks to its trains.
Canadian National Railway has several competitive advantages, such as a larger rail network, better railway efficiency and exclusive access to the port in Prince Rupert, B.C., which is the closest North American port to Asia. Moreover, Canadian National Railway has a lower price-to-earnings ratio and higher dividend yield than its competitor Canadian Pacific Railway.
Canadian National Railway continues to invest in better trains and tracks by buying new locomotives with distributed power capability. This unique technology lets Canadian National Railway run longer trains, particularly in cold weather.
The company’s ongoing focus on improving its efficiency should keep fueling its earnings growth and give it more cash for dividends.
When investing in Canadian railways, or any other type of stock, TSI Network recommends using our three-part Successful Investor philosophy:
Should you invest in Canadian National, or Canadian Pacific? Discover how CP Rail became our Pick of the Year for 2012 in CP Rail: The Making of a #1 Stock Pick. See how our coverage revealed the hidden assets that give CP remarkable growth potential for a 127-year old stock!
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3M COMPANY, $170.09, New York symbol MMM, is still a buy for long-term gains. The company makes over 60,000 consumer and industrial goods, including Post-It notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard fabric protection and Thinsulate insulation.
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CANADIAN PACIFIC RAILWAY LTD., $296.48, Toronto symbol CP, ships freight over a 22,000-kilometre rail network between Montreal and Vancouver, with links to hubs in the U.S. Midwest and Northeast.
The company’s investors continue to benefit from its improved efficiency, which offsets declining volumes. Still, in the… Read More
Improved crop shipments helped generate a 9% jump in revenue for this company during the most-recent quarter.
A recent rail line acquisition and partnership with a U.S. operator continues to expand the firm’s presence on both sides of the border.
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FORTIS INC., $55.44, Toronto symbol FTS, is the main supplier of electrical power in Newfoundland and PEI. It also owns electrical utilities across Canada, the U.S. and the Caribbean. In addition, the company distributes natural gas in British Columbia, Arizona and New York State.
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TRANSCONTINENTAL INC., $14.73, Toronto symbol TCL.A, completed its $1.7 billion acquisition of Chicago-based Coveris Americas in May 2018. That firm makes plastic packaging for consumer and industrial products at 21 plants in the U.S., Canada, the U.K., Ecuador, Guatemala, Mexico, New Zealand and China.
With the… Read More
ENCANA CORP., $5.57, Toronto symbol ECA, has amended the terms of its plan to buy back up to $213 million U.S. of its common shares (about 4% of the company’s current market cap) through a Dutch auction process.
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SNC-LAVALIN GROUP INC., $17.81, Toronto symbol SNC, is a leading Canadian engineering and construction company that specializes in large-scale infrastructure projects such as roads, bridges, transit systems and water-treatment plants.
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CANADIAN NATIONAL RAILWAY CO., $125.00, Toronto symbol CNR, operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
In the quarter ended June 30, 2019, CN’s total carloads rose 2%… Read More
CANADIAN NATIONAL RAILWAY CO. $122 (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 720.7 million; Market cap: $87.9 billion; Price-to-sales ratio: 6.0; Dividend yield: 1.8%; TSINetwork Rating: Above Average; www.cn.ca) operates Canada’s largest railway, stretching across the country, and passes through the U.S…. Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
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