Stella-Jones Inc.(SJ.TO)
Second-largest North American railroad tie producer; major Canadian-listed wood products company. $3.5B total revenue in 2024 (5% growth); railway ties represented 27% of Q1 2025 sales ($208M). Supplies 12M+ pressure-treated railroad crossties per year to Class I, regional, and short-line railroads. Operates 44 wood treating plants total (9 US + 2 Canada for railway ties specifically); also operates a coal tar distillery for creosote production. Also a dominant utility pole producer (43% of revenue) — the same pressure-treating infrastructure serves both railroad ties and utility poles. Publicly listed on Toronto Stock Exchange.