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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

Comment by ufoolmeon Jun 23, 2020 10:10am
113 Views
Post# 31180367

RE:CNR PT hiked 139

RE:CNR PT hiked 139Boy, pretty agressive boost given the situation.  With Q2 winding down, just 10 days left, carloadings for Q2 are down 16.2% for Q to date, and 22.4% ex intermodal.  Total drop in carloads for the quarter will be in the area of 250000 loads.  With average revenue per load of around 2265 per load, that equates to a revenue reduction for the quarter of about $560 million.  Not sure how a 16% increase in share price can be obtained given this huge loss of revenue.    I realize there are some freight rate increases here, but I also notice that some of the business units with the highest revenue per car (Petroleum products and Forest Products) have some of the larger drops in loadings.  And Automotive is a write off, down 77% for the quarter.  Gonna need some creative financing here I think to show earnings growth to support a $139 share price.  JMHO
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