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CN has packed up...

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  • Member since
    January 2001
  • From: Atlanta
  • 11,971 posts
CN has packed up...
Posted by oltmannd on Wednesday, January 30, 2019 4:45 PM

their AAR performance measures and headed for (their own) homepage.

It's a shame.  CP, CSX, and now CN (again!) have chosen not to play with others by a single set of rules.  

You can be sure the STB is watching.  

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

  • Member since
    May 2004
  • From: Valparaiso, In
  • 5,921 posts
Posted by MP173 on Wednesday, January 30, 2019 4:59 PM

As a shareholder, I am watching also...

Dividend increased 18% for 2019 (Wow!).  Nice revenue growth in 4Q, fueled by Petroleum/Chemicals (pun intended).  I spent an hour looking at carloadings, revenue per car, RTM, etc. as I was bored (no work) due to Canadian Polar Weather.  Seems like they are hitting on all cylinders after the 1Q struggle.  Massive increase in capex for '19 for double track and more sidings, particularly from Winnepeg west.

Ed

  • Member since
    May 2003
  • From: US
  • 25,292 posts
Posted by BaltACD on Wednesday, January 30, 2019 5:52 PM

MP173
As a shareholder, I am watching also...

Dividend increased 18% for 2019 (Wow!).  Nice revenue growth in 4Q, fueled by Petroleum/Chemicals (pun intended).  I spent an hour looking at carloadings, revenue per car, RTM, etc. as I was bored (no work) due to Canadian Polar Weather.  Seems like they are hitting on all cylinders after the 1Q struggle.  Massive increase in capex for '19 for double track and more sidings, particularly from Winnepeg west.

Ed

Pencil sharpeners and creative operations reports that can't be compared to anything - yep!  Thats the ticket.

Never too old to have a happy childhood!

              

  • Member since
    May 2004
  • From: Valparaiso, In
  • 5,921 posts
Posted by MP173 on Wednesday, January 30, 2019 8:13 PM

Your industry experience makes you much more of an expert than I am.   

The returns, both in dividends, share buybacks, and overall stock levels have made this owner very satisfied.

Long time holder, going  back to Illinois Central days!

 

Ed

  • Member since
    February 2003
  • From: Guelph, Ontario
  • 4,819 posts
Posted by Ulrich on Wednesday, January 30, 2019 8:56 PM

Same here... and I'm happy to hear (during the earnings call yesterday) that they're not too hung up on the OR. 

  • Member since
    February 2013
  • 51 posts
Posted by bratkinson on Thursday, January 31, 2019 3:28 PM
Given the three railroads involved, EHH must have applied his unusual methods to the accounting departments as well!
  • Member since
    January 2015
  • 2,678 posts
Posted by kgbw49 on Thursday, January 31, 2019 10:01 PM

Here are some interesting numbers for comparison.

Boeing, a major player in another capital-intensive industry, reported 2018 numbers as follows:

Total 2018 Revenue - $101.127 billion

Net Income - $10.460 billion

Net Income as a Percent of Total Revenue - 10.34%

Canadian National reported 2018 numbers (in Canadian dollars) as follows:

Total 2018 Revenue - $14.321 billion

Net Income - $4.328 billion

Net Income as a Percent of Total Revenue - 30.22%

Then one more for comparison - UP.

Union Pacific reported 2018 numbers as follows:

Total 2018 Revenue - $21.832 billion

Net Income - $5.966 billion

Net Income as a Percent of Total Revenue - 26.13%

 

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