CN Announces Third Quarter Results

Canadian National

By

CN today reported its financial and operating results for the third quarter ended September 30, 2024.

“Our scheduled operating plan demonstrated its resilience in the third quarter, allowing us to adapt our operations to challenges posed by wildfires and prolonged labor issues. Our operations recovered quickly and the railroad is running well. As we close 2024, we will continue to focus on recovering volumes, growth, and ensuring our resources are aligned to demand.”

– Tracy Robinson, President and Chief Executive Officer, CN

Quarterly highlights

  • Revenue ton miles (RTMs) of 56,548 (millions), an increase of 2%.
  • Revenues of C$4,110 million, an increase of C$123 million, or 3%.
  • Operating income of C$1,515 million was in line with prior year.
  • Operating ratio, defined as operating expenses as a percentage of revenues, of 63.1%, an increase of 1.1-points.
  • Diluted earnings per share (EPS) of C$1.72, an increase of 2%.

 

Source: CN

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