0917 ET - Canadian National Railway's ace up its sleeve could be the Prince Rupert port. TD Cowen's Cherilyn Radbourne says in a report that CN aims to grow Prince Rupert's inbound and outbound volumes at a compounded annual growth rate of about 10% during 2024-2027 period. This will be supported by international imports and exports of natural gas liquids, coal, and plastic pellets, and other commodities. "The result should be a more diversified and balanced cargo mix," Radbourne says, noting also that CN has been pacing its network investment to match this anticipated demand growth. Currently, CN has logistics projects under way that should take Prince Rupert's existing competitive advantages "to the next level," Radbourne says. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
June 05, 2025 09:18 ET (13:18 GMT)
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