CN Rail Moves More Freight in 2Q but Faces Rising Costs

Dow Jones07-24 20:23

0821 ET - CN Rail's operating data shows a network handling more freight and generating higher productivity in 2Q, but also facing rising costs. Gross and revenue ton-miles climbed, indicating stronger volumes, and train length, fuel efficiency and GTMs per average number of employee all rose. At the same time, car velocity fell. Cost pressures are also rising, with operating expenses per GTM rising 9% in the quarter. CN Rail says the quarter's volume strength and operational execution support its decision to lift its 2026 assumption to low single-digit revenue-ton-mile growth. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 08:23 ET (12:23 GMT)

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