Canadian National Railway CEO Tracy Robinson projects a positive 2025, despite the challenges of 2024 marked by lower profits and disruptions. While tariffs pose a risk, Robinson believes the impact will be manageable. CN aims for a 10-15% increase in adjusted diluted earnings per share and $3.4 billion in capital investment for 2025.
MONTREAL — After a tough 2024 that saw profits drop 21 per cent, the head of Canadian National Railway Co. said the new year is looking brighter — even if U.S. President Donald Trump follows through on his tariff threat.
Revenues from container shipments — CN's biggest segment annually — sagged eight per cent year-over-year last quarter due to the disruptions as well as lower consumer demand. But proceeds from its two other big categories — grain and fertilizers along with petroleum and chemicals — increased four per cent and one per cent, respectively.
Windau added that CN expectations of solid growth in the coming year were"reasonable," but stressed that crucial factors remain unknown.
ECONOMY TARIFFS RAILROADS PROFITS CANADA
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