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CN Railway (CNI) Delivers Strong Grain Movement, Expands U.S. Presence
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Canadian National Railway Co. (NYSE:CNI) is one of the best railroad stocks to buy according to analysts. On March 5, Canadian National Railway Co. (NYSE:CNI) reported its best February on record for grain movement. Canadian National Railway, or CN, shipped more than 2.67 million metric tons of grain out of Western Canada during the month. This volume beat the previous February record set in 2021. According to CN, the blowout February performance builds on another robust month before, when the company reported its second-best January on record for grain movement. The company detailed that the February grain volumes were up 15% year over year. Separately, on March 4, CN unveiled two specially painted commemorative locomotives from its Homewood, Illinois, facility as part of its America250 celebrations. This is in anticipation for the upcoming 250th anniversary of US independence later this year on July 4. The company said the two locomotives will enter active freight service immediately. It added that the locomotives are designed to symbolize the dual pillars of the American story, which are independence and innovation. The locomotives will travel across the company’s US rail network throughout 2026, covering routes from the Gulf Coast through the Midwest and into the Great Lakes region. Canadian National Railway Co. (NYSE:CNI) is a Canadian freight rail company. It operates a rail network of about 20,000 route miles across Canada and the United States. The company transports commodities such as petroleum, chemicals, grain, forest products, coal, and automotive goods. While we acknowledge the potential of CNI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.