Canadian Railroads Report Mixed 2Q Earnings

Canadian National’s net income rose to C$631 million, C$1.44 per share, from C$538 million, or C$1.18, a year ago. Revenue rose to C$2.54 billion from C$2.26 billion.

Canadian Pacific’s net income dropped to C$103 million, or 60 cents per share, from C$128 million, or 76 cents, last year. Revenue rose to C$1.37 billion, from C$1.27 billion.