He Did It

Railroad Weekly February 3, 2025

courtesy: Steel Wheels Photography

Inside This Issue

· He Did It: Trump’s Neighbor Rattling Gets Real; Tariff War Begins

· Friendly Fire: Canada, Mexico Brace for Economic Impact

· Prairie Tale: CPKC Avoids Q4 Pain With Big Help from Grain

· Domestic Disturbance: Labor, Weather Strife More Impactful to CN

· Movin’ on Down: NS Shows Strong Progress in Reducing O.R.

· Cheming Through: RRs Across U.S., Canada Enjoying Strong Chemical Biz

· Hopes Alive for ’25: Tariff War Aside, RRs Generally Bullish About Growth

· Fed Stays Still: RRs Not Getting The Lower Rates They’re Hoping For

Track Talk

“While we expect modest North American industrial production growth in ’25, there's considerable uncertainty around the impact of potential tariffs.”

- Canadian National’s Chief Commercial Officer Remi Lalonde