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    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

(CNR)
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North American Rail Traffic Fell 1% in Week Ended Aug. 28

09/01/2021 | 10:40am EDT

By Colin Kellaher

North American rail traffic slipped 1% last week for a second straight weekly decline, as railroads feel the pinch of supply-chain issues, data from the Association of American Railroads showed.

Carload volume rose 3.2% for the week ended Aug. 28 on 12 reporting U.S., Canadian and Mexican railroads, while intermodal traffic fell 4.6%, the trade group said Wednesday.

In the week ended Aug. 21, North American rail traffic fell 1.5%. For the first 34 weeks of the year, North American rail traffic is up 9.6%, compared with a year-to-date gain of 9.9% reported a week earlier.

"Rail traffic is navigating many of the same challenges plaguing other supply-chain participants, including chassis and container shortages at ports; shortages of drayage truck drivers; port congestion; insufficient warehouse capacity at many locations; and now, weather problems in the Gulf," said John Gray, AAR senior vice president.

The AAR said U.S. rail traffic fell 0.7% last week, as a 4.6% drop in the volume of intermodal containers and trailers more than offset a 4.1% rise in carloads. U.S. rail traffic is up 10.8% for the first 34 weeks of the year.

Canadian rail traffic edged down 0.1% last week, with carloads up 1.9% and intermodal units down 2.1%. Canadian rail traffic is up 6.7% for the first 34 weeks of the year.

Mexican rail traffic fell 8.6% last week amid a 1.8% drop in carloads and a 16.9% plunge in intermodal units. Mexican rail traffic is up 5.5% for the year to date, the AAR said.

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

(END) Dow Jones Newswires

09-01-21 1240ET

Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. 0.45% 428105 Delayed Quote.22.53%
CANADIAN NATIONAL RAILWAY COMPANY 0.34% 153.52 Delayed Quote.9.33%
CANADIAN PACIFIC RAILWAY LIMITED -0.06% 90.82 Delayed Quote.2.90%
CSX CORPORATION -0.35% 34.11 Delayed Quote.12.93%
KANSAS CITY SOUTHERN 0.03% 297.5 Delayed Quote.-14.21%
NORFOLK SOUTHERN CORPORATION -0.28% 274.98 Delayed Quote.15.98%
UNION PACIFIC CORPORATION -0.08% 225.76 Delayed Quote.8.14%
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Financials
Sales 2021 14 473 M 11 700 M 11 700 M
Net income 2021 4 211 M 3 404 M 3 404 M
Net Debt 2021 12 350 M 9 984 M 9 984 M
P/E ratio 2021 25,7x
Yield 2021 1,60%
Capitalization 109 B 87 982 M 87 854 M
EV / Sales 2021 8,36x
EV / Sales 2022 8,11x
Nbr of Employees 24 376
Free-Float 99,4%
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Number of Analysts 27
Last Close Price 153,52 CAD
Average target price 158,87 CAD
Spread / Average Target 3,48%
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Managers and Directors
Jean-Jacques Ruest President, Chief Executive Officer & Director
Ghislain Houle Chief Financial Officer & Executive Vice President
Robert L. Pace Chairman
Dominique Malenfant EVP, Chief Information & Technology Officer
Nayan Bharadwa Vice President-Automated Rail & Technology
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