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Third-Quarter Grain Handle Down for CN, CP

Grain segment revenue per carload up for both railways

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Canada’s Big Two railways both booked reduced traffic but increased their revenue per carload in their grain handling segments for their third fiscal quarters ending Sept. 30, reports the Manitoba Co-operator.

Canadian National Railway on Tuesday reported third-quarter net income of $1.195 billion on $3.83 billion in total revenues, up from $1.134 billion on $3.688 billion in the year-earlier period.

Canadian Pacific Railway on Wednesday reported $618 million in net income on what it reported as a “record” in Q3 total revenue of $1.979 billion, down from $622 million on $1.898 billion in the previous Q3.

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