11 Best Freight Stocks To Buy Now

4. Canadian Pacific Kansas City Limited (NYSE:CP)

Number of Hedge Fund Investors: 52

Canadian Pacific Kansas City Limited (NYSE:CP) is a transcontinental railway freight operator that operates an extensive network spanning over 20,000 track miles, connecting more than 30 ports, 30 auto facilities, and numerous transload facilities and shortlines across North America. Canadian Pacific Kansas City Limited (NYSE:CP) serves a diverse range of industries, including agriculture, energy, chemicals, automotive, and consumer goods.

Canadian Pacific Kansas City Limited (NYSE:CP) is uniquely positioned as the only railroad that connects the United States, Canada, and Mexico through a single network and has major logistics hubs in Bensenville and Dallas, which serve as critical nodes for automotive logistics. The company is exploring deals to enhance its services for both auto parts and finished vehicles. Moreover, Canadian Pacific Kansas City Limited (NYSE:CP) is focusing on aligning its rail networks with other railway operators such as CSX Corporation, which will connect shippers in Mexico, Texas, and the Southeast US. The alignment is expected to drive significant growth in the intermodal business, especially in Mexico, where demand for efficient cross-border transportation is increasing.

Moreover, Canadian Pacific Kansas City Limited (NYSE:CP) is also focusing on improvements in train speeds, terminal dwell times, and train capacity as well as developing customer-centric solutions to capture new business opportunities. The company is exploring extended lengths of haul for forest products clients and is also expanding its refrigerated product offerings to attract more truck volumes to its network.