Tag: CNR
-
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
-
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