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Canadian Railroads with mixed results in Q2

Rail

Thursday, July 26, 2012

Canadian National Railway said Wednesday that it benefited from the nine-day strike at its major competitor Canadian Pacific during May. CN reported a profit in the second quarter of $631 million Canadian dollars ($625 million) compared to C$538 million in the same 2011 period. Revenue was C$2.5 billion in the quarter compared to C$2.3 billion in the same 2011 period. "Other than grain and fertilizers, CN registered solid traffic increases in every commodity grou...

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