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|Wysłany: Śro 10:58, 11 Wrz 2013 Temat postu: Canadian National Railway Q2 Report
Canadian National Railway Q2 Report
THE CANADIAN PRESS -- TORONTO - Canadian National Railway Co. (TSX:CNR) reported higher net profits Monday as the country's largest freight hauler cashed in on higher revenues and improved traffic to and from West Coast ports.
Canada's biggest railway reported Monday it earned C$538 million or $1,[url=http://woolrichdeutschlandarcticparka.albirank.net/][b]Woolrich Parka Günstig[/b][/url].18 a diluted share in the three months ended June 30,[url=http://peutereyjacketsuppliers.webmium.com/][b]Peuterey Jacket men[/b][/url].
"CN delivered a solid second-quarter performance as a result of continued improvements in freight volumes and strong operational execution," president and CEO Claude Mongeau said in a release after stock markets closed Monday.
The latest results included a net deferred income tax expense of $40 million resulting from the enactment of state corporate income tax rate changes and other legislated state tax revisions in the United States, where CN has major operations.
Excluding the net deferred income tax expense, adjusted diluted earnings per share for the quarter rose to $1.26 from $1.13. That was slightly above analyst expectations.
In its earnings release, CN noted the company's operating ratio, a measure of operating efficiency, was 61.3 per cent, in line with the operating ratio of 61.2 per cent for second-quarter of 2010.
"CN railroaders responded quickly and effectively to a series of weather challenges including floods, forest fires and mudslides,[url=http://woolrichdeutschlandarcticparka.albirank.net/][b]http://woolrichdeutschlandarcticparka.albirank.net/[/b][/url]," Mongeau said. Their tireless efforts and dedication helped to protect the integrity of our network, the reliability of the supply chain we serve and our service to customers."
Mongeau said that all of CN's commodity groups posted revenue gains during the quarter. railroad volumes were up 3.1 per cent,[url=http://woolrichschweizch.gengfl.com/][b]http://woolrichschweizch.gengfl.com/[/b][/url], compared to 0.9 per cent for Canadian railways.
Still,[url=http://giuseppezanottisneakers.webmium.com/][b]discount 2013 giuseppe zanotti sneakers on sale[/b][/url], CN had the highest volume growth in the industry during the quarter. railroads. Canadian industry volumes were almost flat, increasing by 1.6 per cent.
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The railway plans to devote $1 billion to improving track infrastructure in 2011 while focusing about $700 million on business expansion and new equipment.
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CN is a leading North American railway with one of the most efficient operations in the industry. It runs the largest rail network in Canada and has the only transcontinental network in North America,[url=http://peutereyjacketsuppliers.webmium.com/][b]Peuterey Jacket[/b][/b][/url], servicing ports on the Atlantic,[url=http://giuseppezanottisneakerssale.webmium.com/][b]giuseppe zanotti men's sneakers Giuseppe Zanotti Official Outlet Shoes for Sale[/b][/url], Pacific and Gulf of Mexico coasts.
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