The company cited strong demand from its major markets including grain and energy, as well as automotive
By Adriano Marchese
Canadian National Railway reported higher third-quarter profit after a surge in revenue, driven by strong pricing gains across freight segments and increased shipments of grain, automotive and energy products.
The Canadian railroad on Friday posted a rise in net income to 1.21 billion Canadian dollars ($864.9 million), or C$2.00 a share, up from C$1.14 billion, or C$1.83 a share, in the comparable quarter a year ago.
Adjusted earnings were C$2.16 a share. According to FactSet, analysts were expecting C$2.09 a share.
Revenue surged by 15% to C$4.77 billion, handily beating forecasts of C$4.66 billion.
The company cited strong demand from its major markets including grain and energy, as well as automotive.
CN Rail benefited from a 4% increase in gross ton miles and a 4% rise in revenue ton miles, two key metrics that track total train movement and revenue-generating cargo multiplied by distance traveled.
Looking ahead, CN reaffirmed its full-year outlook for mid-to-high single-digit adjusted earnings per share growth, noting that performance is currently tracking toward the upper end of that guidance range.
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 31, 2026).