MONTREAL - Canadian National Railway Co. saw first-quarter profits fall slightly short of analysts’ expectations as harsh winter weather worked to ramp up operating costs and offset a hefty increase in revenue. CN Rail President and CEO Jean-Jacques Ruest speaks during a business luncheon in Montreal, Thursday, April 25, 2019. The country’s largest railway said revenues rose 11 per cent year over year to $3.54 billion last quarter — a first-quarter record — but operating expenses climbed 13 per cent to $2.46 billion. The Montreal-based company earned $848 million on an adjusted basis or $1.17 per diluted share last quarter. CN Rail’s operating ratio, another key metric where a lower number means greater efficiency, rose 1.7 points to 69.5 per cent.

Source: thestar April 29, 2019 20:43 UTC