Canadian Railroads Report Higher 3Q Earnings

Canadian National Railway Co. and Canadian Pacific Railway Co. reported higher third-quarter earnings.

Canadian National’s net income rose to C$664 million, C$1.52 per share, from C$659 million, or C$1.46, a year ago. Revenue rose 8% to C$2.5 billion.

Intermodal revenue rose 6% to C$510 million.

Canadian Pacific’s net income increased to C$224 million, or C$1.30 per share, from C$187 million, or C$1.10, last year. Revenue rose to C$1.45 billion, from C$1.34 billion.

Intermodal revenue for Canadian Pacific increased 25% to C$63 million.