, shares slumped amid concerns that a possible recession will weigh on Canada’s biggest railroad’s balance sheet.late Monday which surpassed analysts' expectations. CN Rail reported profits during the quarter ending on March 31, increased to $1.22 billion or $1.82 a share, compared to $918 million a year earlier and $1.32 a share. Revenue hit $4.31 billion in the first quarter, up 16 per cent from $3.71 billion during the same period last year.
That view was countered by several analysts who believe that CN Rail will be able to maintain healthy margins in a tough economic environment given its diversified freight revenue base. “Overall, we see CN as offering an attractive blend of earnings resiliency and growth opportunity ,” Spracklin said in the note. with Union Pacific Railroad Co. and GMéxico Transportes, S.A.B. de C.V. . The joint agreement is dubbed Falcon Premium and connects the three railroad company’s network throughout Canada, Mexico and the U.S.