CN says it ended the last quarter with revenue of more than $4.3 billion.
That is an increase of 21 per cent over the same period in 2021.
CN says increased shipments of coal and U.S. grain helped.
It was also aided by freight rate increases and a weaker Canadian dollar.
CN also reports an overall improvement in its operations with improvements in key operating metrics such as origin train performance, car velocity (car miles per day), and fuel efficiency, resulting in a lower operating ratio.
“I am proud of our team of railroaders and pleased with our solid performance this quarter,” states President and Chief Executive Officer Tracy Robinson in a statement. “Our team has the network running well, demonstrating improvements in service levels to our customers, driving greater velocity and generating strong financial results. We are preparing for a busy fall and are well positioned to achieve our 2022 outlook.”
The railway did see lower volumes of Canadian grain.
CN says it is still on target to meet year-end expectations.
