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Stock impact report

Canada’s two major railways post rise in freight traffic in 2018 [Toronto Globe and Mail (Ontario, Canada)]

Canadian National Railway Company (CNI) 
Last canadian national railway company earnings: 4/27 04:01 pm Check Earnings Report
US:NYSE Investor Relations: cn.ca/en/investors
Canada’s two major railways post rise in freight traffic in 2018 Canada’s two major railways posted a collective 4-per-cent rise in freight traffic in 218, led by a 23-per-cent boost in shipments of oil and other petroleum products. Carloads of chemicals and coal were the next-biggest gainers, at 5 per cent each, according to year-end data released on Thursday by the Association of American Railroads, which includes the U.S. operations of Canadian National Railway Co. and Canadian Pacific Railway Ltd. Story continues below advertisement The amount of oil moving by rail to U.S. markets from Alberta has exceeded the peaks of 213 and 214 as producers boosting output from new projects seek to reach U.S. refineries as new pipeline projects face delays. In the final week of 218, CN and CP together hauled more than 1, oil-tank cars, a 55-per-cent increase from the same period a year ago, AAR said. Volumes have been driven higher by a persistent shortage of available pipeline capacity and a d Show less Read more
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