11 Best Freight Stocks To Buy Now

8. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Investors: 44

Canadian National Railway Company (NYSE:CNI) is a Canadian freight railway company that operates a vast network connecting Canada, the US, and Mexico. The company transports a diverse range of products for manufacturers, energy producers, and agricultural firms seeking reliable cross-border logistics solutions.

Canadian National Railway Company (NYSE:CNI) is focusing on growing its intermodal business, particularly through Western Gateways, and is leveraging its end-to-end supply chain efficiency to attract more traffic. The company is also investing in technology to enhance maintenance scheduling, reduce dwell times, and improve overall reliability. Additionally, the company is investing in terminal capacity and infrastructure, including the Greater Toronto Area fuel terminal and plant capacity on both sides of the border. Despite the softer domestic intermodal market, international volumes are expected to drive growth, driven by strong demand for Canadian and US grain. For the fourth quarter, Canadian National Railway Company (NYSE:CNI) is forecasting sequential and year-over-year growth in intermodal business.

Canadian National Railway Company (NYSE:CNI) is also taking proactive steps to optimize resources. This includes stopping hiring in surplus areas and furloughing non-essential personnel, and locomotives. These measures are aimed to help maintain fluidity and reduce costs while ensuring the ability to scale up quickly as volumes recover.