Trade war injects note of uncertainty into CN Rail outlook, as profits inch up
- Canadian National Railway Co. announced a 5% increase in net income for the first quarter of 2025, reaching $1.16 billion, up from $1.10 billion the previous year, according to the Montreal-based company.
- This growth followed a trade war initiated by U.S. President Donald Trump, which also increased uncertainty through rising tariffs and trade tensions affecting supply chains.
- CN's year-over-year revenues rose by four per cent to $4.40 billion, boosted by grain, fertilizer, petroleum, and chemical segments, while container and auto shipment revenues declined.
- CEO Tracy Robinson acknowledged that uncertainty has grown in recent months amid the impact of tariffs and rising recession concerns in both Canada and the U.S.
- Despite a market slowdown in February due to weather and trade disruptions, CN maintained its 2025 forecast but acknowledged a wide range of earnings outcomes due to ongoing trade volatility.
12 Articles
12 Articles

Trade war injects note of uncertainty into CN Rail outlook, as profits climb
MONTREAL — Canadian National Railway Co. saw a rise in both profits and uncertainty in its latest quarter as the country's biggest railroad operator worked through a trade war set off by U.S. President Donald Trump.

Trade war injects note of uncertainty into CN Rail outlook, as profits inch up
MONTREAL — Canadian National Railway Co. saw profits rise five per cent in its latest quarter as the country's biggest railway operator worked through a trade war set off by U.S. President Donald Trump.
CN Rail boosts profits as cargo volumes inch up despite trade war
MONTREAL - Canadian National Railway Co. says profits rose five per cent in its latest quarter as the country's biggest railroad operator worked through a trade war set off by U.S. President Donald Trump.
Trade War Turbulence: A Strategic Outlook for Malta’s Logistics Sector
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