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%
Same here... and I'm happy to hear (during the earnings call yesterday) that they're not too hung up on the OR.
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
MP173As 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
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.
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!
As a shareholder, I am watching also...
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/)
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