Oil deliveries send CN to record revenue
(Source: Globe and Mail, January 22, 2013
TORONTO — The business of delivering crude oil by rail is proving an increasingly lucrative one for Canada’s largest railway. Canadian National Railway Co. finished 2012 with record revenue, driven by a strong pickup in freight volume and expansion into areas such as delivering oil by rail. Revenue increased 7 per cent in the fourth quarter, marking what the company described Tuesday as a strong year helped by greater commodity traffic and exports. And the results are likely to continue as the economy grows, CN executives said.
Full story: Globe and Mail
Wednesday, January 23, 2013