Reported about 18 hours ago
Canadian National (CN) experienced a stronger first-quarter earnings report, showcasing an 8% growth in earnings and a slight improvement in its operating ratio despite severe winter weather impacting train operations. CEO Tracy Robinson expressed optimism about the company's position for the upcoming year, even amid uncertainties surrounding trade agreements and tariffs. While Canadian traffic saw minor changes, CN anticipates challenges in international intermodal volumes due to port cancellations. Overall, CN reported a 4% increase in both operating income and revenue, while completing record amounts of grain transportation in March.
Source: YAHOO