Quarter after quarter, Canadian National sets the standard for Class I railroad operating ratios.
Canadian National righted its ship quickly, and after a couple quarters of congestion and a separation from its prior CEO, grew second-quarter volume 7% and price 5%--both greater than we and management expected. Despite a 200 basis point pension accounting headwind, CN generated an outstanding 58.2% operating ratio and improved adjusted EPS 13%. Based on strong volume and the current exchange rate, management increased 2018 guidance about 3% to an adjusted EPS of CAD 5.30-5.40 (was CAD 4.99 in ...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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