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Estimating The Fair Value Of Cargojet Inc. (TSE:CJT)
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Canadian freight railroads are preparing for a major strike while the demand is soaring, the trucking transportation industry is unable to meet the needs.
Amid the possible shutdown of railroads for freight transportation, which could impact multiple industries in Canada, the trucking transportation industry faces unmet higher freight demands.
Canadian strikes make American companies furious. Multiple trade groups have sent a letter to Trudeau requesting government intervention.
① Two Canadian railroad companies have issued warnings that their railroads will face the risk of strikes if an agreement is not reached on Thursday. ② A US trade group has sent a letter to Canadian Prime Minister Trudeau requesting intervention because a strike of Canadian railroads will seriously affect the normal operation of the US economy. ③ In addition to the railroads, Canada's largest port, Vancouver Port, is also facing the risk of strikes.
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Cargojet Inc Price Target Raised to C$176.00/Share From C$173.00 by TD Securities
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