Canadian National Railway Co (CNI) Secures Deal with BHP. It’s About Potash

Canadian National Railway Co (NYSE:CNI) is one of the best long-term stocks to invest in according to Bill & Melinda Gates Foundation Trust. Canadian National Railway shares have gone up more than 20% over the past six months.

Canadian National Railway Co (CNI) Secures Deal with BHP. It’s About Potash

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Canadian National Railway Co (NYSE:CNI) has landed a deal to provide rail services to mining giant BHP, according to a June 4 press release. Canadian National Railway will transport potash from BHP’s Jansen mine in Saskatchewan to ports in Vancouver for export to the global markets.

In this arrangement, Canadian National Railway will operate unit trains between the mine and the export terminals using BHP-owned railcars. The initial contract will run for around four years and is focused on the Jansen Stage 1 production. The railroad operator may have a role in the next phases of the project. The Jansen mine is expected to begin production in mid-2027.

BHP said the rail transport deal with Canadian National Railway strengthens the reliability of its supply chain. It also said this arrangement ensures it’s well-positioned to deliver potash from Saskatchewan to global customers. Canadian National Railway said the Jansen project is a significant opportunity for Canada’s export industry.

Canadian National Railway Co (NYSE:CNI) is a freight rail company headquartered in Quebec, Canada. Its nearly 20,000-mile rail network serves Canada and the US, facilitating the movement of everything from resource materials and factory inputs to finished goods.

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