Canadian National Railway, CSX Sign MOU to Launch New All-Rail Intermodal Service to Nashville

Canadian National Railway Company (NYSE:CNI) is one of the best Canadian stocks to buy now. On September 9, Canadian National Railway Company and CSX Corp. (NASDAQ:CSX) announced that they signed a Memorandum of Understanding/MOU to create a new intermodal rail service into Nashville, Tennessee.

The new service is designed to provide a seamless and all-rail alternative for international containers originating from Canada’s West Coast gateways. The route will travel through Memphis and continue directly into Nashville. By replacing the current final-leg trucking segment with an all-rail steel-wheel interchange, Canadian National Railway and CSX aim to deliver faster and more sustainable supply chain solutions for their customers.

The collaboration is based on a successful history of interline agreements between the two companies. Their existing partnership on the East Coast, which serves the ports of New York, New Jersey, and Philadelphia, began in 2019.

Canadian National Railway Company (NYSE:CNI) engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the US.

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Disclosure: None. This article is originally published at Insider Monkey.