How a New Intermodal Rail Link and Board Appointment Could Shape CN Railway’s (TSX:CNR) Strategy

• On September 9, 2025, CN and CSX announced the signing of a Memorandum of Understanding to introduce a new intermodal rail service connecting Canada’s West Coast ports to Nashville, replacing a trucking segment with a direct rail link for faster, more sustainable supply chain solutions.
• In addition, Madeleine Paquin, former CEO of LOGISTEC Corporation and an industry leader with extensive board experience, is set to join Canadian National Railway’s Board of Directors in October, bringing deep logistics and corporate governance expertise to the company.
• We will explore how adding an accomplished logistics expert to the board may influence Canadian National Railway’s operational focus and growth outlook.

AI is about to change healthcare. These 31 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

Canadian National Railway Investment Narrative Recap

To own Canadian National Railway (CNR), an investor needs to believe in the company’s ability to capture sustained growth from shifting supply chains, resilient North American trade, and operational excellence, even as industrial demand shows signs of pressure. The recent appointment of a logistics expert to the board and new intermodal initiatives may strengthen CNR’s long-term position, but they are unlikely to materially shift the most immediate catalyst, volume recovery, or the most present risk, which is continued flat demand.

Among recent announcements, the September MOU with CSX to launch a new all-rail intermodal corridor into Nashville stands out as most relevant. This agreement supports management’s efforts to win more share in profitable intermodal freight, directly linked to the company’s core catalysts, while addressing modal shift risks from both trucking and shifting routes.

However, while these initiatives expand options for CNR, investors should be aware that persistent macroeconomic headwinds, tariff uncertainty, and weak industrial volumes...

Read the full narrative on Canadian National Railway (it's free!)

Canadian National Railway's outlook points to CA$19.6 billion in revenue and CA$5.6 billion in earnings by 2028. This implies 4.6% annual revenue growth and a CA$1.0 billion increase in earnings from the current CA$4.6 billion level.

Uncover how Canadian National Railway's forecasts yield a CA$152.76 fair value, a 20% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members submitted 12 fair value estimates for CNR, ranging from CA$119.13 to CA$170.48. While opinions on value widely differ, ongoing macro uncertainty and shifting trade routes remain crucial factors for the company’s future performance.

Explore 12 other fair value estimates on Canadian National Railway - why the stock might be worth as much as 34% more than the current price!

Build Your Own Canadian National Railway Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Canadian National Railway research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Canadian National Railway research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Canadian National Railway's overall financial health at a glance.

Curious About Other Options?

Our top stock finds are flying under the radar-for now. Get in early:

• The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.
• Uncover the next big thing with financially sound penny stocks that balance risk and reward.
• The latest GPUs need a type of rare earth metal called Dysprosium and there are only 30 companies in the world exploring or producing it. Find the list for free.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com