Category: Transportation Stocks
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CN Rail Boosts Profit but Cuts Jobs Amid Tariff Woes
The railway improved its Q3 operating ratio, but lagging stock performance and tariff-related layoffs cloud the outlook. Key Numbers Canadian National Railway (TSX:CNR)(NYSE:CNI) recently delivered strong third-quarter results with a $1.14 billion profit, even as it navigates a tough freight environment. The company confirmed it is laying off 400 managers as tariffs imposed by the Read more
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Air Canada Slides After Weak Earnings and Rising Costs Pressure Margins
Key Numbers Air Canada (TSX:AC) shares have come under pressure following a mixed second-quarter earnings report. Although revenue for the quarter ending June 30 climbed 2% to $5.6 billion, net income plummeted to $186 million—less than half of the $410 million posted a year earlier. The sharp drop in profitability was primarily driven by margin Read more
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Canadian National Railway’s Business Shows Resilience in Q2 but Question Marks About Its Future Remain
Canadian National Railway (TSX:CNR)(NYSE:CNI) recently reported its second quarter results of fiscal 2025, which wasn’t great but wasn’t all that troubling, either. CN reported that revenue ton miles—a key measure of freight volume—fell about 1% to 59.2 billion. The decline reflects softer demand for bulk commodities and consumer goods amid slower economic growth. The company also revealed Read more
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Canadian Pacific Kansas City Boosts Dividend by 20% Amid Long-Term Growth Strategy
Dividend Hike Reflects Strength and Stability Canadian Pacific Kansas City Limited (TSX:CP)(NYSE:CP) gave dividend-focused investors something to cheer about recently with a 20% increase to its quarterly payout. Effective April 29, the dividend rises from $0.19 to $0.228 per share, translating to $0.912 annually and a forward yield of approximately 0.9%. The move reflects strong Read more