Canadian National’s 1Q Income Improves

Canadian National Railway said late Monday its first-quarter net income rose to C$424 million, or 90 cents a share, from C$311 million, or 64 cents, a year ago.

Revenue rose fell 4% to C$1.86 billion “as a tough economic environment caused carloadings to fall by 16%,” CN said in a statement.

Canadian National is Canada’s largest freight railroad.