is rekindling a century-old rivalry and pitting former colleagues against each other. The lower the ratio, the more efficient the railroad.Ĭanadian National Railway Co.’s bid to wrest Kansas City Southern away from Canadian Pacific Railway Ltd. Major Canadian oil producer Cenovus Energy began shipments on CN Rail’s network starting in the final quarter of 2018 as part of a three-year deal that Cenovus also signed with CP.ĬN on Tuesday also approved an 18 per cent increase to its quarterly cash dividend and announced a stock buyback of up to 22 million shares.The Montreal-based company said its quarterly operating ratio, which measures operating costs as a percentage of revenue, reached 61.9 per cent compared with 62.7 per cent a year earlier. topped analysts’ estimates for quarterly profit on Tuesday, as the railroad company transported higher volumes of petroleum crude and Canadian grain.Ĭarloads, the amount of freight loaded into cars, rose about five per cent in the final quarter of 2018, while rail freight revenue per carload increased about 11 per cent, Canada’s largest railroad operator said in a statement.ĬN Rail and its smaller rival Canadian Pacific Railway have been investing in infrastructure to ease capacity constraints following a surge in demand for rail transport from oil producers as production exceeds pipeline capacity. The company is also reporting an operating ratio, which measures its efficiency, of 59.5 per cent, 2.3 points above the same quarter in 2017.Ĭanadian National Railway Co. said in September that they believe beefed-up inventories of locomotives, hopper cars and extra staff will help to prevent a repeat of last winter's grain-shipping backlog that farmers have said cost them millions of dollars in lost income.ĬN says it is still expecting between $5.30 and $5.45 per adjusted diluted share this year, versus an earlier 2018 guidance of $5.10 to $5.25. Third-quarter revenues grew more than 14 per cent to $3.69 billion - a CN record for any quarter - from $3.22 billion.ĬN and its rival Canadian Pacific Railway Ltd.
That equalled $1.50 per diluted share, marking a nearly 15 per cent leap from $1.31 per share a year earlier and beating the expectations of analysts polled by Thomson Reuters Eikon. 30, an 18 per cent year-over-year increase.Īdjusted earnings rose to $1.1 billion from $989 million a year ago. The Montreal-based railway earned a net income of $1.13 billion in the quarter ended Sept. says it raked in the highest quarterly revenues of its 99-year year history, helping the country's largest railroad to address concerns over operating capacity.
More information can be found here.Canadian National Railway Co. The Costa Rica 2022 FISU World Forum will be held from 8-12 April 2022. The event is set to reach over 200 participants from over 60 countries with participants ranging from students, sports managers, federations, to academic speakers from all over the world from a variety of industries. Both organisations worked closely with the Costa Rican University Sports Federation to discuss the main topics for the event, as UNESCO will work closely with the Organising Committee to ensure that goals and objectives of the 2022 FISU World Forum are achieved. Representatives at this strategic meeting included UNESCO representative, Mrs Andrea Gisselle Burbano Fuertes, along with the Director of the 2022 FISU World Forum and Member of the FISU Executive Committee, Ms Rosaura Mendez. Both organisations met in the Costa Rican city of Cartago at the university campus of Tecologico de Costa Rica to discuss topics of the forum through the main sub themes of this edition of the FISU World Forum of quality education, health and wellness, gender equality and reduction of inequalities-also categorised as four of the United Nations Sustainable Development Goals.
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