10 Best Railroad Stocks To Buy Now

6. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Holders: 56

Canadian National Railway Company (NYSE:CNI) is a major player in the transportation and logistics industry, operating across Canada and the United States. Its services include rail transportation, intermodal solutions, trucking, and marine transport. CNI and Iowa Northern Railway officially merged operations on March 1, 2025, after getting the green light from US regulators. This merger is meant to improve service, open up new market opportunities, and boost the local economy.

In the fourth quarter of 2024, Canadian National Railway Company (NYSE:CNI)’s revenue ton miles dropped 3% year-over-year to 59,305 million. Revenues fell by C$113 million year-over-year to C$4,358 million in Q4, while operating income dropped by C$190 million to C$1,628 million. However, by December 2024, the company had repurchased over 13 million shares for more than $2.3 billion. CNI also declared a 5% dividend increase for 2025, continuing a 29-year streak of growth, and authorized another buyback program for up to 20 million shares from February 2025 to February 2026.

According to Insider Monkey’s Q4 data, Canadian National Railway Company (NYSE:CNI) was part of 56 hedge fund portfolios, compared to 44 in the last quarter. Bill & Melinda Gates Foundation Trust was the largest investor in the company, with a position worth over $5.5 billion.