High expectations for Canadian National Railway as opportunities grow: investment bank

摘要

Expectations for Canadian National Railway remain highlong term even as its third-quarter progress lags behind more thanexpected, investment bank Cowen Group said Thursday.While CN’s terminal dwell — the length of time a train sits at aterminal — largely improved from the first quarter to the third quarterand has been more than eight hours better than the railroad’s peergroup average. Velocity in the third quarter fell to 1 mph below the peergroup average, according to the Cowen Group report.