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Canadian National (CNI) Hits Grain Movement Record in March

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Canadian National Railway Company’s CNI grain movement hit a record for the 13th consecutive month in March 2021. The company shipped 2.95 million metric tonnes (“MMT”) of western Canadian grain in the month, beating its previous record of 2.74 MMT set last year. It was also 19% higher than the three-year average of 2.47 MMT.

During the first quarter of 2021, the company moved 8.2 MMT of Canadian grain, breaking the previous record of 7 MMT set in the first quarter of 2017. It was also 25% higher than the three-year average of 6.5 MMT. This strong performance despite difficult operating conditions in February is commendable.

Canadian National has transported 22.7 MMT of Canadian grain so far during the 2020-2021 crop year. This exceeds the previous year to-date record of 19.1 MMT set in the 2018-19 crop year, by 19%.

Canadian National Railway Company Price

Canadian National Railway Company Price
Canadian National Railway Company Price

Canadian National Railway Company price | Canadian National Railway Company Quote


The company’s ability to meet the significant rise in volumes is a result of its investments in track, locomotives and railcars, including the purchase of more than 2,500 new high-capacity grain-hopper cars. These investments, since 2018, total more than $10 billion.

Zacks Rank & Key Picks

Canadian National carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are Navios Maritime Partners LP NMM, USA Truck, Inc. USAK and Saia, Inc. SAIA. While USA Truck sports a Zacks Rank #1 (Strong Buy), Navios Maritime Partners and Saia carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Canadian National Railway Company (CNI) : Free Stock Analysis Report

Navios Maritime Partners LP (NMM) : Free Stock Analysis Report

USA Truck, Inc. (USAK) : Free Stock Analysis Report

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