CN Rail reports record second-quarter revenues despite higher transporting cost
“We think little or no volume growth could be here to stay for CN, as rampant inflation and rising interest rates seem likely to dampen global goods demand over the next year,” CFRA Research analyst Colin Scarola told investors in a note.Investigation into CN train derailment in Manitoba finds repair error played a role – Apr 29, 2022
“The boxes would arrive in Montreal and Toronto and no one would pick them up because there wasn’t any place to take them,” MacDonald said. Robinson also waved off any suggestion that the federal government’s climate plan, which aims to reduce nitrous oxide emissions from fertilizers, would hurt CN’s income.
CN affirmed its earnings forecast of between 15 per cent and 20 per cent growth in adjusted diluted earnings per share for 2022, after lowering its outlook from a target of 20 per cent three months ago.
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