MONTREAL — Canadian National reported record second quarter financial results on Tuesday and reaffirmed its positive volume outlook for the rest of the year thanks to expected growth in crude oil, coal, grain, propane, and intermodal traffic. ...
http://trn.trains.com/news/news-wire/2019/07/24-cn-reports-record-quarterly-results-maintains-positive-outlook-for-2019
Brian Schmidt, Editor, Classic Trains magazine
I am surprised no one has commented on this report. The 1st qtr the analysts were concerned about CN's OR and how much they were spending on capital but nary a word this time.
I am glad CN is spending on capital, the highest percentage of any of the class 1's and about 2 1/2 times what CP is spending, I hope they keep it up but CN says it will be a more normal amount next year. I would like to know which projects are finished so far this year.
CN is also doing it with a very solid balance sheet. Long Term Debt levels are very manageable.
They also said a chunk of that income came from TransX, not even the railway.
10000 feet and no dynamics? Today is going to be a good day ...
traisessive1 They also said a chunk of that income came from TransX, not even the railway.
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