From Alberta Farmer Express:
Small improvements in grain revenue, on slightly fewer carloads, has helped offset slightly lower profits on record-level overall revenue in Canadian National Railway’s (CN) year-end ledger.
Montreal-based CN on Thursday reported overall net income of $635 million on $2.745 billion in revenues for its fourth quarter ending Dec. 31, up from $610 million on $2.534 billion in the year-earlier period.
For all of 2013, CN booked $2.612 billion in profit on a record $10.575 billion in revenues — down from $2.68 billion on $9.92 billion in fiscal 2012.
Its full-year total carloadings for 2013 also reached a record 5.19 million — up three per cent from 2012 — based on increases mainly in fuel/chemical and intermodal carloads, up three and eight per cent respectively.
(just a bit of the article)
Small improvements in grain revenue, on slightly fewer carloads, has helped offset slightly lower profits on record-level overall revenue in Canadian National Railway’s (CN) year-end ledger.
Montreal-based CN on Thursday reported overall net income of $635 million on $2.745 billion in revenues for its fourth quarter ending Dec. 31, up from $610 million on $2.534 billion in the year-earlier period.
For all of 2013, CN booked $2.612 billion in profit on a record $10.575 billion in revenues — down from $2.68 billion on $9.92 billion in fiscal 2012.
Its full-year total carloadings for 2013 also reached a record 5.19 million — up three per cent from 2012 — based on increases mainly in fuel/chemical and intermodal carloads, up three and eight per cent respectively.
(just a bit of the article)