CN's Profits Right on Track!

Monday, July 25, 2005 04:05 AM

E. Hunter Harrison, President and Chief Executive Officer of CN Rail, says based on the performance so far this year, CN Rail could finish the year with a 10 to 15% growth in 2005.

That comes in spite of a soft year in the Ontario region in automobile manufacturing. The company had a 30% increase in share earnings in the second quarter as compared to the second quarter of 2004.

Operating income within the company rose to $713 million in the second quarter, a 24% increase.

Heading the increase in business (and subsequent profits) is the strong showing in the forest products, metals and minerals area which all had solid gains in the second quarter.

These strong gains are due in large measure to CN's acquisition of BC Rail
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CN's Profits Right on Track!

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