We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Canadian National Secures Long-Term Growth Through PlasCred Project
Read MoreHide Full Article
Key Takeaways
CNI signed a conditional long-term lease for PlasCred's proposed Neos recycling facility in Alberta.
CNI's Scotford Yard offers rail access to move plastic waste and refined condensate more efficiently.
Neos aims to process 100 tons of plastics daily into about 500 barrels of condensate for new products
Canadian National Railway (CNI - Free Report) strengthened its role in supporting sustainable industrial development by entering into a conditional long-term lease agreement with PlasCred Circular Innovations for the proposed Neos advanced recycling facility at its Scotford Yard in Fort Saskatchewan, Alberta. The agreement provides PlasCred with an initial 15-year lease, with options to extend site control for up to 30 years. By making available an existing 35,000-square-foot industrial building and a 200-car rail siding, CNI enables the project to leverage established infrastructure while reducing development costs and timelines.
The Scotford Yard location offers significant logistical advantages through direct access to CNI's extensive North American rail network. The rail connectivity streamlines the transportation of inbound mixed plastic waste and outbound refined hydrocarbon condensate, improving supply chain efficiency and lowering transportation costs. These advantages also position the facility for future expansion without requiring substantial new logistics infrastructure.
Once operational, the Neos facility is expected to process up to 100 tons of hard-to-recycle plastics per day and convert them into approximately 500 barrels of refined hydrocarbon condensate daily. The output will serve as feedstock for manufacturing new plastics and other industrial applications, supporting the circular economy initiatives by diverting difficult-to-recycle plastic waste from landfills and giving it a new commercial use.
Although the lease remains conditional on certain requirements being satisfied before its effective date, the agreement represents a meaningful step forward for both PlasCred and CNI. For Canadian National, the partnership highlights the strategic value of its rail infrastructure in supporting emerging clean technology projects while expanding freight opportunities. As PlasCred advances engineering work, regulatory approvals and construction planning, the project has the potential to create long-term transportation demand and reinforce CNI's position as a key logistics partner for Canada's growing sustainability-focused industries.
CNI’s Share Price Performance
CNI’s shares have gained 20.6% over the past year compared with the Transportation - Rail industry’s 15.9% growth.
Image Source: Zacks Investment Research
CNI’s Zacks Rank
CNI currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Investors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) and Teekay Tankers Ltd (TNK - Free Report) .
Expeditors has an expected earnings growth rate of 11.9% for 2026. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.96%.
Teekay Tankers Ltd currently sports a Zacks Rank #1.
TNK has an expected earnings growth rate of 98% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 10.2%.
View the Zacks #1 Rank List
Image: Bigstock
Canadian National Secures Long-Term Growth Through PlasCred Project
Key Takeaways
Canadian National Railway (CNI - Free Report) strengthened its role in supporting sustainable industrial development by entering into a conditional long-term lease agreement with PlasCred Circular Innovations for the proposed Neos advanced recycling facility at its Scotford Yard in Fort Saskatchewan, Alberta. The agreement provides PlasCred with an initial 15-year lease, with options to extend site control for up to 30 years. By making available an existing 35,000-square-foot industrial building and a 200-car rail siding, CNI enables the project to leverage established infrastructure while reducing development costs and timelines.
The Scotford Yard location offers significant logistical advantages through direct access to CNI's extensive North American rail network. The rail connectivity streamlines the transportation of inbound mixed plastic waste and outbound refined hydrocarbon condensate, improving supply chain efficiency and lowering transportation costs. These advantages also position the facility for future expansion without requiring substantial new logistics infrastructure.
Once operational, the Neos facility is expected to process up to 100 tons of hard-to-recycle plastics per day and convert them into approximately 500 barrels of refined hydrocarbon condensate daily. The output will serve as feedstock for manufacturing new plastics and other industrial applications, supporting the circular economy initiatives by diverting difficult-to-recycle plastic waste from landfills and giving it a new commercial use.
Although the lease remains conditional on certain requirements being satisfied before its effective date, the agreement represents a meaningful step forward for both PlasCred and CNI. For Canadian National, the partnership highlights the strategic value of its rail infrastructure in supporting emerging clean technology projects while expanding freight opportunities. As PlasCred advances engineering work, regulatory approvals and construction planning, the project has the potential to create long-term transportation demand and reinforce CNI's position as a key logistics partner for Canada's growing sustainability-focused industries.
CNI’s Share Price Performance
CNI’s shares have gained 20.6% over the past year compared with the Transportation - Rail industry’s 15.9% growth.
Image Source: Zacks Investment Research
CNI’s Zacks Rank
CNI currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Investors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) and Teekay Tankers Ltd (TNK - Free Report) .
EXPD currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Expeditors has an expected earnings growth rate of 11.9% for 2026. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.96%.
Teekay Tankers Ltd currently sports a Zacks Rank #1.
TNK has an expected earnings growth rate of 98% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 10.2%.