Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
1/22/2013 11:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Canadian National Reports Higher 4Q Profit

Canadian National Railway Co. reported a higher fourth-quarter profit from a year ago on higher freight volume.

Net income rose to C$610 million, or C$1.41 a share, from C$592 million, or C$1.32, a year ago. Revenue rose 7% higher to C$2.5 billion, Montreal-based CN said Tuesday.

The railroad also said it will boost its dividend by 15% to C43 cents, payable on March 28 to shareholders of record as of March 7.

For the full year, CN earned C$2.7 million, or C$6.12 per share, up from C$2.5 million, or C$5.41, in 2011.

Revenue for the year rose 10% to C$9.9 million, said CN, which is Canada’s largest freight railroad by revenue.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement