Canadian National Railway Co
CNR: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 656.00 | Zrk | Mxqqgbhs |
Canadian National Earnings: Volumes Flip Positive, but Margins Hit by Maintenance Disruption
Wide-moat Canadian National's second-quarter revenue was up 7% as total volume and yield (revenue per carload) flipped positive. Revenue was mostly in line with our expectations as a jump in international intermodal activity offset marked weakness in coal and domestic intermodal, which continues to struggle with heavy competition from the trucking sector.