{"id":29871,"date":"2014-08-29T08:14:36","date_gmt":"2014-08-29T12:14:36","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=29871"},"modified":"2014-08-29T08:14:36","modified_gmt":"2014-08-29T12:14:36","slug":"canadian-national-railway-usa-nysecni-to-benefit-from-increased-traffic-at-canadian-ports","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/canadian-national-railway-usa-nysecni-to-benefit-from-increased-traffic-at-canadian-ports-29871","title":{"rendered":"Canadian National Railway (USA) (NYSE:CNI) To Benefit From Increased Traffic At Canadian Ports"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/29\/2014 (wallstreetpr) \u2013\u00a0<strong>Canadian National Railway (USA) (NYSE:CNI)<\/strong> and the other companies in the same industry are set to benefit from the increased <a href=\"http:\/\/www.bloomberg.com\/news\/2014-08-27\/canadian-ports-win-as-ships-avoid-u-s-on-labor-concern.html?cmpid=yhoo\">traffic<\/a> at Canadian ports. There is a probability of a strike by U.S. West Coast longshoremen. As a result, the traffic at Prince Rupert port rose to 49% in the month of July as compared to a year ago. At the same time, the traffic volume of its major U.S. rival Seattle has dropped by 19%.<\/p>\n<p style=\"text-align: justify;\"><strong>The issue<\/strong><\/p>\n<p style=\"text-align: justify;\">Canadian ports and Canadian National Railway (USA) (NYSE:CNI)\u00a0are getting benefits over the U.S. rivals at a crucial time when the growth is returning back in the economy. The industry is witnessing higher container volumes from East Asia. The higher volumes are not providing any benefits to U.S. West Coast Port as they are facing labor disputes transferring the entire set of customers to Prince Rupert. The containers transportation is getting the shorter sailing times from China with well-designed infrastructure. The issue is becoming more of an opportunity for the Canadian ports. If the customers like the services and processing times, they are set to make use of Canadian ports in the future.<\/p>\n<p style=\"text-align: justify;\"><strong>The demand<\/strong><\/p>\n<p style=\"text-align: justify;\">Container traffic is on the rise as the volume at biggest Canadian ports, and U.S. port rose 7.2% in May as compared to year-ago. The traffic volume growth in April was at 5.9%. The higher container volume suggests that the U.S. economy is rebounding. Prince Rupert is clearly benefiting from the high demand as the waiting time of the containers to be loaded into trains has rose to ten days as compared to two days in the normal period.<\/p>\n<p style=\"text-align: justify;\"><strong>The opportunity<\/strong><\/p>\n<p style=\"text-align: justify;\">Canadian National Railway (USA) (NYSE:CNI)\u00a0is one such company which will benefit from the added traffic. Canadian has got exclusive connection with port Prince Rupert and its lines. The port will be the number one player to act as the quickest route linking the U.S. Midwest and East Asia. Intermodal freight uses different modes of transportation, and Canadian intermodal segment is doing well. The revenues from the segment rose 17% to $659 million in the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/29\/2014 (wallstreetpr) \u2013\u00a0Canadian National Railway (USA) (NYSE:CNI) and the other companies in the same industry are set to benefit from the increased traffic [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":29873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[8408,8410],"stock_ticker":[],"class_list":["post-29871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-canadian-national-railway-usa-nysecni","tag-nysecni","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian National Railway (USA) (NYSE:CNI) To Benefit From Increased Traffic At Canadian Ports - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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