Canadian National Jan. 25 reported its fourth-quarter operating profit rose by 19 percent versus fourth-quarter 2009, and that calendar-year 2010 operating profit increased by 13.5 percent from 2009.
CN’s operating ratio for 2010 improved from 67.7 percent in 2009 to 63.6 percent year-end 2010. Operating ratio — a railroad’s operating expenses expressed as a percentage of operating revenue — is considered by economists to be the basic measure of carrier profitability.
CN, which operates primarily in Canada, but also in the U.S., raised its dividend on common stock by 20 percent.
Related News
- Rash of Transit Funding Crises May Impact Members from Coast to Coast
- Tesla sparks safety showdown with nation’s rail workers
- Public Comment of SMART-TD Regarding Tesla’s Special Permit Request for Transporting Lithium Batteries by Rail
- Operation Lifesaver campaigns to promote rail safety in 11 states
- New TD Crew Room Flyers Available
- Colorado bill criminalizing transit assault one step closer to becoming law
- Honoring the Legacy of Brother John A. Saunders
- Colorado Transit Worker Safety Bill (House Bill 25-1290)
- Kansas funds passenger rail expansion
- Maryland Passes Monumental Transit Safety Bill