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Canadian National Railway shared its Q3 results, showing an 18% rise in profit per share and 4% more shipments.

ResultsRead the original at Benzinga
Good for CNI

Canadian National reported 18% growth in profit per share on 4% more freight and kept its full-year forecast. Fuel savings, higher cash generation, and a Mexico link support growth, despite the CFO's retirement and stated business risks.

CNI · Canadian National Railway

AI read · Good for CNI

The AI's read

Better fuel use and productivity show the railroad handled more freight efficiently. FastTrack savings and higher cash generation can help fund share purchases and growth, including its new reach into Mexico. The CFO is retiring, but an experienced company veteran is taking over. Management also named economic conditions, fuel prices, competition, and rule changes as possible risks, not problems already hurting results.

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