CN rail operates across Canada and down through Chicago and Memphis to the Gulf of Mexico at New Orleans and Mobile, Alabama. Most of its revenue (69%) is from Canada and the rest is from the US. About 35% of its revenues relate to overseas traffic while 65% represents freight moving within North America.
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Income Investor
CNR remains a Buy for its ability to grow its earnings through efficiency improvements, reducing its operating ratio, and its ability to pass on price increases through such measures as fuel surcharges. As with all the major rail operators in North America, CNR is economically sensitive. But the continued advantage of rail over road freight, due to its much lower carbon emissions and the shortage of truck drivers, means that rail will continue to gain market share, underpinning its long-term growth. - Gavin Graham
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CNR was first recommended here on May 6, 2002