CSX
CLEAN SEED CAPITAL GROUP LTD
stock CVE

Railroads are a duopoly in Canada, with 4 in the states (UP, BNSF, CSX and NSF), 3 of which are directly tradable (BNSF is owned by Berkshire).
They are not sexy. They likely have problems growing, as getting new rail to city centers is hard if not impossible. They are intrinsically tied to the economy, which depending on who are asking, is in the shitters.
But if you are talking about an industry with a moat, it will be railways. No AI shit will ever take away moving a physical good. No one individual or groups of individuals are dumb enough to try to throw CAPEX at making a new class 1.
If you are patient, buying shares of a railroad now is a gift to your children’s grand children and beyond.

Railroads are a duopoly in Canada, with 4 in the states (UP, BNSF, CSX and NSF), 3 of which are directly tradable (BNSF is owned by Berkshire).
They are not sexy. They likely have problems growing, as getting new rail to city centers is hard if not impossible. They are intrinsically tied to the economy, which depending on who are asking, is in the shitters.
But if you are talking about an industry with a moat, it will be railways. No AI shit will ever take away moving a physical good. No one individual or groups of individuals are dumb enough to try to throw CAPEX at making a new class 1.
If you are patient, buying shares of a railroad now is a gift to your children’s grand children and beyond.