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CN Rail Gets Revenue Boost from Mining, Oil and Lumber Shipments


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“We should know in a couple of weeks, sometime in late July or early August, when the STB has had the time to reflect on all the things that we have filed,” Jean-Jacques Ruest, Canadian National’s chief executive officer, told analysts on a conference call Tuesday.
“We’re very confident that we have a very solid case. We are meeting the test of the voting trust and we are creating, definitely, a new competition, a new public benefit.”
Key Takeaways
Canadian National saw its biggest jump in freight revenue from automotive, which almost doubled, followed by intermodal, metals and minerals, petroleum and chemicals, and coal in the quarter. Revenue from transporting grains and fertilizers was the only business to see freight revenue fall, slipping 6% from a year earlier.The company plans to buy Kansas City Southern for about $30 billion after outbidding Canadian Pacific Railway Ltd. and is waiting for regulators to approve a voting trust tha ....

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Jean-Jacques Ruest du CN et Pat Ottensmeyer du KCS soulignent les avantages d'intérêt public incontestables et les avantages concurrentiels du regroupement à la 37e conférence annuelle sur les décisions stratégiques de Bernstein

Jean-Jacques Ruest du CN et Pat Ottensmeyer du KCS soulignent les avantages d'intérêt public incontestables et les avantages concurrentiels du regroupement à la 37e conférence annuelle sur les décisions stratégiques de Bernstein
zonebourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zonebourse.com Daily Mail and Mail on Sunday newspapers.

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