A transcontinental railroad with a huge reach across Canada and the United States owns a competitive edge over other railroads and truckers. And because that railroad is also the most efficient in the industry, it can make tremendous profits in a growing economy. Meet Canadian National Railway (NYSE: CNI) , the only railroad with connections to the Pacific Ocean, the Atlantic Ocean, and the Gulf of Mexico.
History of the Trans-ConThe first transcontinental railroad was created in 1869 to connect San Francisco Bay with the existing Eastern U.S. rail network at Council Bluffs, IA. Union Pacific (NYSE: UNP) owns the route between Council Bluffs and San Francisco. UP's track covers the western two-thirds of the United States, but goes no farther east than Chicago.
Canadian Pacific Railway (NYSE: CP) completed Canada's first transcontinental railroad in 1885, connecting Vancouver with the Port of Montreal, but currently does not reach the Atlantic Ocean.