Canadian Railroads Report Mixed Earnings

Canada’s two biggest freight railroads reported mixed earnings this week.

Canadian National Railway Co.’s net income rose 19% to C$659 million, C$1.46 per share, from C$556 million, or C$1.19, a year ago. Revenue rose 9% to C$2.3 billion

Canadian Pacific Railway Ltd.’s net income slipped to C$186.8 million, or C$1.10, from C$197.3 million, or C$1.17 per share. Revenue rose 4.6% to C$1.3 billion.