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Canadian National Railway Co T.CNR

Alternate Symbol(s):  CNI

Canadian National Railway Company is a transportation and logistics company. The Company's services include rail, intermodal, trucking, and supply chain services. The Company’s rail services offer equipment, customs brokerage services, transloading and distribution, private car storage and others. Its intermodal container services help shippers expand their door-to-door market reach with about 23 strategically placed intermodal terminals. Its intermodal services include temperature-controlled cargo, port partnerships, logistics park, moving grain in containers, custom brokerage, transloading and distribution, and others. Its trucking services include door-to-door service, import and export dray, interline services, and specialized services. Its supply chain services offer comprehensive services across a range of industries and product types. It transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.


TSX:CNR - Post by User

Post by ufoolmeon May 04, 2020 10:35am
176 Views
Post# 30983259

Cannot figure out how they made so much in Q1

Cannot figure out how they made so much in Q1Somewhere along the way, CN must have managed to raise freight rates to a lot of customers.  Despite the Transx purchase, the revenue from this company would not account for the revenue increase.  The indigenous blocade, the ovid 19 lockdown situation seemed to have no impact on Q1.  Yet here we are, Week 17 results up to April 27 out today, and carloadings for the week were down 15.9% and 15.2% for Q2.   Forest Products down 20.6% and 17.7% for Wk and Quarter respectively.  Petroleum products 20.4% AND 15.1%, Metals and minerals 15.9% and 9.5%.  These are huge numbers that happened awfully fast.  Looks look Q2 is really going to take a hit.  I can see CN shares trading under $100 Cdn.
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