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Last month, I discussed the Canadian National Railway (CNI) 1Q21 earnings and explained why I was bullish. In this article, I will update my bull thesis, which includes the pending merger between CNI and Kansas City Southern (KSU). KSU management accepted the CNI bid, which will result in the third-largest intermodal network combining Canada, the United States, and Mexico. The deal will also improve customer satisfaction and cover all major supply…

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