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July 26, 2010

Canadian National Railway Net Income up by 38%

Canadian National Railway said its second-quarter 2010 net income increased by 38% to C$534m ($513m) from C$387m ($371m) in 2009. The company's revenue rose by 18% to C$2.09bn ($2bn) resulting from higher freight volumes in all markets. Revenue ton-miles of rail freight tran

By cms admin

Canadian National Railway said its second-quarter 2010 net income increased by 38% to C$534m ($513m) from C$387m ($371m) in 2009.

The company’s revenue rose by 18% to C$2.09bn ($2bn) resulting from higher freight volumes in all markets.

Revenue ton-miles of rail freight transported increased by 15% compared with the same period in 2009.

The railway also said its operating ratio improved by 6.1 points to 61.2% and operating expenses by 7%.

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