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In Re: Junctionfan's comments on CN CN Revenue 1997: $5.231 billion CN Revenue 2003: $5.694 CN Operating Income 1997: $1.185 billion CN Operating Income 2003: $1.777 CN Operating Ratio 1997: 77.3 CN Operating Ratio 2003: 69.8 CN Share Price 1/1/97: ~ $13 CN Share Price 8/3/04: ~ $45 It is certain that CN has made mistakes over this period, as Junctionfan points out, but Canada (and portions of the U.S.) now benefits from a very healthy transportation provider competing vigorously to move commerce efficiently. Individuals are adversely affected as procuctivity improves, to be sure, but given the precarious state of CN for decades prior to privatization, where would those individuals be today had change not occurred?
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