10 Best Shipping Stocks To Invest In Now

7. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Investors: 44

Canadian National Railway Company (NYSE:CNI) is a major shipping railway operator in North America, connecting ports and markets across Canada and the United States. The company transports a wide range of goods, including consumer products, automotive parts, and energy products. Canadian National Railway Company (NYSE:CNI) serves industries such as agriculture, retail, and manufacturing.

Canadian National Railway Company (NYSE:CNI) is prioritizing growth in its intermodal business, particularly through Western Gateways, by leveraging its end-to-end supply chain efficiency to attract increased traffic. The company is making strategic investments in technology to enhance maintenance scheduling, reduce dwell times, and improve overall reliability. Canadian National Railway Company (NYSE:CNI) is also expanding terminal capacity and infrastructure, including the Greater Toronto Area fuel terminal and plant capacity on both sides of the border. While the domestic intermodal market remains soft, growth is expected in the coming quarters, driven by robust international volumes, supported by high demand for Canadian and US grain.

Additionally, the Canadian National Railway Company (NYSE:CNI) is implementing measures to optimize resources, such as halting hiring in surplus areas and furloughing non-essential personnel and locomotives. These actions aim to maintain operational fluidity and reduce costs while ensuring the company is prepared to scale operations quickly as volumes recover.