Soham Patel ’19 pitched Canadian National Railway (CNI) to the Tuesday section of the Student Managed Investment Fund on April 23, 2019. Canadian National Railway, or CN provides freight transportation services to a diverse list of clients across 19,500 miles of rail. By connecting three coasts, and mastering precision scheduled railroading, CN is considered the true backbone of the North American economy by servicing entire supply chain networks. This past year, CN invested capital in strategic capacities including Prince Rupert, North America’s fastest growing deep-sea port. Management has a record of returning at least 15% on invested capital and carefully manages foreign exchange risk. The majority of revenue is generated from transportation services, which have consistently increased despite economic fluctuations. The class voted to buy 110 shares of CNI and sell 40 shares of FedEx (FDX).