CN Reports Revenue Up 2% in Fourth Quarter of 2020

Montreal, QB — Canadian National Railway (CN) said in in its quarterly financial report that its diluted earnings per share (EPS) grew 17%, and 14% on an adjusted basis in the fourth quarter of 2020, while free cash flow for the full-year 2020 reached a record of over C$3.2 billion.

“2020 was a year like no other and thanks to our colleagues, who are essential workers, we got through it together and kept the economy moving while setting impressive new volume records in key markets," said JJ Ruest, president and chief executive officer.

"Our operations remained very nimble in the fourth quarter as we right-sized to meet the increased demand while we maintained industry leading fuel efficiency," he added. "We continue to actively implement our long-term strategy, focusing on sustainable growth and deploying advanced technology to generate value for all of our stakeholders.”

Revenues in fourth quarter 2020 were C$3,656 million, up $72 million (2%) from a year ago. Revenues for all of 2020 were C$13,819 million, a decrease of C$1,098 million, or 7%.

To read the full report, click here.

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