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CN yesterday announced "sound operating and financial performance" in first-quarter 2022, including CA$3.7 billion in revenue, up 5%, and adjusted diluted earnings per share (EPS) of CA$1.32, up 7%, compared with first-quarter results in 2021.
The Class I posted operating income of CA$1.2 billion, down 8%, and adjusted operating income of CA$1.2 billion, up 4%. Net income came in at CA$918 million, down from CA$976 million a year ago.
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On Jan. 25, CN announced Tracy Robinson would become its next president and CEO on Feb. 28. Robinson’s appointment follows the previously announced retirement of Jean-Jacques Ruest as the Class I’s leader. Ruest will depart CN’s board on Feb. 28, but will serve as an adviser until March 31 to “ensure a seamless transition,” CN officials said.
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CN yesterday announced Tracy Robinson will become its next president, CEO and a board member on Feb. 28.
Robinson’s appointment follows the previously announced retirement of Jean-Jacques Ruest as president and CEO. Ruest will depart CN’s board on Feb. 28, but remain at the railroad as an adviser until March 31 to ensure a seamless transition, CN officials said in a press release.
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CN's British Columbia network productivity has returned to pre-washout levels as crews continue to return track to service following recent washouts in the province.
The British Columbia network was shut down between Nov. 14 and Dec. 4 as the Class I experienced 58 outages over 150 miles. Crews of 400 employees and contractors have been working 24/7 to restore service, according to a CN press release.
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