Canadian National Railway Company (CNR.TO) (CNI) is the second-largest railroad company in North America. The company operates 20,000 miles of network serving three coasts — Atlantic, Pacific, and Gulf coast. CN operates in one of the widest moat industries — railroads. The company has a diversified traffic volume including intermodal, petroleum & chemicals, grain & fertilizers, forest products, metals & minerals, automotive, and coal.
The company is a dividend challenger having raised dividends for 18 consecutive years and has a 5-yr CAGR of 15.2%. The company has the best in class operating margins beating out giants such as UNP, NSC and CSX.