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    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

(CNR)
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North American Rail Traffic Rose 17.6% in Week Ended April 3

04/08/2021 | 11:16am EDT

By Colin Kellaher

North American rail traffic surged 17.6% last week, as railroads lapped last year's large declines in volume related to the coronavirus pandemic-inflated comparisons, data from the Association of American Railroads showed.

Carload volume rose 8.1% for the week ended April 3 on 12 reporting U.S., Canadian and Mexican railroads, while intermodal traffic jumped 27.2%, the trade group said.

In the week ended March 27, North American rail traffic rose 14.1%. For the first 13 weeks of the year, North American rail traffic is up 5.2%.

In the 13th week of 2020, traffic fell 11.4%, as rail volumes plummeted when large chunks of the economy shut down.

"Rail traffic has clearly rebounded from last year's depths," said John Gray, AAR senior vice president. "Looking ahead, rail volumes are highly correlated with manufacturing output, so recent signs of strength in manufacturing are good signs for railroads too."

The AAR said U.S. rail traffic rose 20% last week, as the volume of intermodal containers and trailers soared 31%, and carloads rose 8.8%. U.S. rail traffic is up 5.6% for the first 13 weeks of the year.

Canadian rail traffic rose 10.3% last week, with intermodal units up 17% and carloads up 4.6%. Canadian rail traffic is up 6.5% for the first 13 weeks of the year.

Mexican rail traffic, which has been down for much of the year, was up 14.9% last week amid a 16.3% jump in carloads and a 13.1% rise in intermodal units. For the year to date, Mexican rail traffic is down 4.4%, the AAR said.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

04-08-21 1115ET

Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. 1.10% 409250 Delayed Quote.17.66%
CANADIAN NATIONAL RAILWAY COMPANY 1.03% 148.67 Delayed Quote.6.24%
CANADIAN PACIFIC RAILWAY LIMITED -0.50% 461.72 Delayed Quote.4.57%
CSX CORPORATION -0.23% 98.64 Delayed Quote.8.69%
KANSAS CITY SOUTHERN -0.44% 257.51 Delayed Quote.26.70%
NORFOLK SOUTHERN CORPORATION -0.47% 270.86 Delayed Quote.13.99%
UNION PACIFIC CORPORATION -0.17% 222.71 Delayed Quote.7.15%
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04/08North American Rail Traffic Rose 17.6% in Week Ended April 3
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03/31North American Rail Traffic Rose 14.1% in Week Ended March 27
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More news
Financials
Sales 2021 14 779 M 11 813 M 11 813 M
Net income 2021 4 145 M 3 313 M 3 313 M
Net Debt 2021 12 970 M 10 367 M 10 367 M
P/E ratio 2021 25,3x
Yield 2021 1,61%
Capitalization 106 B 84 465 M 84 394 M
EV / Sales 2021 8,02x
EV / Sales 2022 7,47x
Nbr of Employees 24 381
Free-Float 99,5%
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Technical analysis trends CANADIAN NATIONAL RAILWAY COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Average target price 144,67 CAD
Last Close Price 148,67 CAD
Spread / Highest target 11,0%
Spread / Average Target -2,69%
Spread / Lowest Target -22,6%
EPS Revisions
Managers and Directors
NameTitle
Jean-Jacques Ruest President, Chief Executive Officer & Director
Ghislain Houle Chief Financial Officer & Executive Vice President
Robert L. Pace Chairman
Dominique Malenfant Chief Information & Technology Officer, EVP
Nayan Bharadwa Vice President-Automated Rail & Technology
Sector and Competitors
1st jan.Capitalization (M$)
CANADIAN NATIONAL RAILWAY COMPANY6.24%84 465
UNION PACIFIC CORPORATION7.15%148 482
NORFOLK SOUTHERN CORPORATION13.99%68 006
CANADIAN PACIFIC RAILWAY LIMITED4.57%49 240
KANSAS CITY SOUTHERN26.70%23 416
XPO LOGISTICS, INC.14.09%15 313