In September, the volume of cargo carried by Canadian railways reached 30.8 million tonnes, down slightly (-0.9%) from September 2020. While the overall freight volume was very close to the five-year monthly average of 31.5 million tonnes, increases in loadings of energy products and freight traffic from US connections helped to offset lower shipments of some agricultural and food products. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211129/dq211129c-eng.htm 1. CN capital spending - https://www.cn.ca/en/news/2021/11/cn-recognized-for-sustainability-leadership-and-listed-on-the-do/ 2. CP capital spending - https://www.prnewswire.com/news-releases/canadian-pacific-announces-c2-2-billion-debt-offering-in-canada-301427478.html 3. ESG - https://www.dbrsmorningstar.com/research/388266/canadian-railways-on-track-to-sustainable-operations 4. Hydrogen - https://www.dbrsmorningstar.com/research/388266/canadian-railways-on-track-to-sustainable-operations 5. WabTec https://www.wabteccorp.com/sustainability 6. Volumes - https://www.railwayage.com/freight/class-i/aar-north-american-rail-volume-up-6-5-through-44-weeks/ 7. Port congestion - https://www.hellenicshippingnews.com/2021-port-congestion-report/ 8. Freight costs - https://unctad.org/news/high-freight-rates-cast-shadow-over-economic-recovery 9. Rapid Transit - https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Railway_passenger_transport_statistics_-_quarterly_and_annual_data 10. Rail - https://www.iea.org/reports/rail