Canadian rails face low volume growth in 2017, but CP has more potential upside: Desjardins

The North American economy should improve “modestly” in the early part of 2017, but low volume growth is still the name of the game for Canadian railroads, according to a new analysis from Desjardins Capital Markets.

Canadian National Railway Co.’s freight volumes increased 6.3 per cent in the fourth quarter, while Canadian Pacific Railway Ltd.’s fell 3.5 per cent. The divergence can be explained by CP’s difficulties in moving grain through the Port of Vancouver, as well as the...

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