ONTARIO – CN Rail’s financial performance at the end of their second quarter shows that they have made a significant increase in revenue compared to 2021.
According to CN's Financial results and operating highlights a revenue stream of $4.3 million, which was a 21 per cent increase of $746 million reported in 2021.
Additionally, the record operating income was $1.7 million, which had a 28 per cent increase.
“I am proud of our team of railroaders and pleased with our solid performance this quarter. Our team has the network running well, demonstrating improvements in service levels to our customers, driving greater velocity and generating strong financial results. We are preparing for a busy fall and are well positioned to achieve our 2022 outlook,” said Tracy Robinson, president and chief executive officer, CN.
However, the news is not all good. CN has also reported that the grain crop supply in Canada was lower than expected than its three-year average.
Although, the company does expect to hit their target for the grain supply in time for the 2022/2023 assessment.
