November 24, 2014

CN reports 31% profit improvement for 1Q

Notwithstanding severe winter weather that caused rival Canadian Pacific’s profit to plunge 67 percent, Canadian National reported a 31 percent increase in first quarter 2011 profit versus first quarter 2010. This comes following a 19 percent increase in CN profit for calendar year 2010. CN’s operating ratio for the first quarter 2011 was 69 percent, [...]