Canadian National Plows Through Weather-Challenged 1Q With Solid Pricing and Margins
CN has been a stalwart of railroading excellence for more than a decade. So it was unexpected to observe the congestion, service, and cost challenges CN suffered in late 2017 and early 2018. In last year's first quarter, expenses grew 9% on flat revenue and the rail changed CEO. Now, under new CEO JJ Ruest, mismanagement of capacity and demand seem behind CN, and it is increasing investment in 2019 to boost capacity more via 80 miles of new double track and 140 reliable new locomotives.In its f...
Canadian National Railway, together with its wholly-owned subsidiaries, is engaged in the rail and related transportation business. Co.'s network of approximately 20,000 route miles of track spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico. Co.'s network and connections to all Class I railroads provide access to all three North American Free Trade Agreement nations. Co. handles and carries cargo, serving exporters, importers, retailers, farmers and manufacturers. Co. is engaged in the movement of a portfolio of goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal and automotive.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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