From Progressive Railroading Magazine; April 24, 2018
Harsher-than-normal winter weather in the first quarter, including extremely low temperatures in Canada in February, put the deep freeze on CN’s financial results.
Q1 revenue was flat at $3.2 billion while operating income fell 16 percent to $1 billion, net income tumbled 16 percent to $741 million and operating expenses ballooned 9 percent to $2.2 billion compared with first-quarter 2017 results (all figures are in Canadian dollars).
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