AllAnalyst Report
logoMorningstarFebruary 23, 2024

Canadian National Railway Company: Canadian National's Intermodal Activity Finally Stabilizing; Modest Volume Growth Likely in 2024

Symbols
CNI
Sector(s)
Industrials
Rating
Current Price
$125.23
Fair Value
Economic Moat
Stewardship
Summary

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2023, CN generated CAD 16.8 billion in revenue by hauling intermodal containers (23% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (19%), forest products (12%), metals an

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Analyst Profile

Matthew Young

Equity Analyst
Matthew Young, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers transportation and logistics firms.Before joining Morningstar in 2010, Young spent five years as an equity research associate at William Blair, where he covered logistics and commercial-services firms.Young holds a bachelor's degree from Wheaton College and a master's degree in business administration, with concentrations in finance and accounting, from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.