{"id":4420,"date":"2019-04-29T16:25:22","date_gmt":"2019-04-29T21:25:22","guid":{"rendered":"http:\/\/planesintheair.com\/?p=4420"},"modified":"2019-04-29T16:25:23","modified_gmt":"2019-04-29T21:25:23","slug":"cn-rail-quarterly-profit-rises-on-petroleum-shipments","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=4420","title":{"rendered":"CN Rail Quarterly Profit Rises on Petroleum Shipments"},"content":{"rendered":"\n

April 29 (Reuters) – Canadian National Railway Co reported a 6 percent rise in quarterly profit on Monday, as it transported higher volumes of petroleum and chemical products.<\/p>\n\n\n\n

U.S. listed shares of the company rose 2.1 percent in after-hours trading.<\/p>\n\n\n\n

The company’s net income rose to C$786 million, or C$1.08 per share, in the first quarter ended March 31, from C$741 million, or C$1 per share, a year earlier.<\/p>\n\n\n\n

However, excluding one-time items, the railroad company earned C$1.17 per share, missing the analyst average estimate of C$1.18, according to IBES data from Refinitiv.<\/p>\n\n\n\n

Canada’s largest railway operator said total carloads, the amount of freight loaded into cars, rose less than a percent.<\/p>\n\n\n\n

Operating ratio, a closely watched productivity metric that measures expenses as a percentage of revenue, rose to 69.5 percent from 67.8 percent a year earlier. The lower the ratio, the more efficient a railroad.<\/p>\n\n\n\n

($1 = C$1.34)<\/p>\n\n\n\n

(Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju Samuel)<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Canadian National Railway Co reported a 6 percent rise in quarterly profit on Monday, as it transported higher volumes of petroleum and chemical products.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2203,1210,1397,4017,868],"tags":[274,2900,4392,3322,1843,843,412,2517,2295,844,2633,1323,959,1212,310,960,1288,4252,4391],"class_list":["post-4420","post","type-post","status-publish","format-standard","hentry","category-finance-news","category-railroad-news","category-stock-news","category-train-news","category-transportation-news","tag-canada","tag-canadian","tag-chemical","tag-higher","tag-largest","tag-national","tag-news","tag-oil","tag-operator","tag-petroleum","tag-products","tag-profit","tag-quarterly","tag-railroad","tag-railway","tag-report","tag-reuters","tag-rise","tag-shipment"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4420"}],"version-history":[{"count":2,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4420\/revisions"}],"predecessor-version":[{"id":4423,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4420\/revisions\/4423"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}