Artikel Nummer: 3604

CN achieves record quarterly revenues

Canadian National Railway (CN) reported that its revenues for the latest quarter rose by 8% to a record CAD 2.698 billion (EUR 1.897 billion), driven by a 4% increase in revenue ton-miles, and a 3% increase in carloadings. CN is maintaining the 2013 financial outlook, as well as its plan to invest approximately CAD 2 billion (EUR 1.4 billion) in capital programmes in 2013. Approximately CAD 1.1 billion (EUR 0.77 billion) of the total expenditure will be ploughed into track infrastructure to maintain a safe and fluid railway network. In addition, the company will invest in projects to support a number of productivity and growth initiatives. (ben)



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