Canadian National Reports Lower First-Quarter Profit Amid Revenue Decline
Canadian National (CNI) reported a 4% decline in first-quarter operating income to $1.13 billion, despite a 2% increase in freight volume. Revenue fell 1% to $3.14 billion, impacted by unfavorable currency exchange rates. CEO Tracy Robinson expressed confidence in the company's operational efficiency and long-term performance.
Tickers: $CNI
Topics: currency exchange earnings freight volume grain traffic operating income profit revenue