Canadian National (NYSE: CNI) reported stronger first-quarter earnings Thursday despite the impact of harsh winter weather across its system, which crimped train length and the railway’s ability to meet demand for intermodal and merchandise service.
“We are very pleased today to be reporting strong first-quarter results,” CEO Tracy Robinson said on the railway’s earnings call, pointing to 8% earnings growth and an improved operating ratio. “This gives us a good start on the year, particularly...
https://www.freightwaves.com/news/cns-first-quarter-earnings-grow-despite-impact-of-severe-weather