The Globe and Mail reports in its Saturday, July 1, edition that Canadian Pacific Kansas City says its newly expanded rail network positions it well for the years ahead as U.S. companies, once enamoured with Asia, move production closer to their home bases and tap into Mexico's low-cost workers. The Globe's David Berman writes that it is a trend known as near-shoring, which certainly bolsters the case for investing in the railway. However, Mr. Berman says if the trend lives up to expectations, investors might want to consider skipping the middleman and investing in Mexico instead. CPKC can serve customers that are moving production facilities back to North America to improve their supply chains and get closer to markets in the United States and Canada. CPKC touted these benefits during its investor-day presentations last week, pointing to Mattel, which expanded its toy factory in Monterrey, Mexico, in 2022. Scotiabank's Konrad Gupta says: "We believe CP's timing of KCS acquisition couldn't have been better. Even Chinese manufacturers are pivoting to Mexico, given the quick access to North American consumers." JPMorgan agrees, saying, "If near-shoring is good news for CPKC, it's great news for Mexico."