CN Rail revenue rises two percent on higher freight volumes

MarketsReuters

Canadian National Railway Co reported a 2 percent rise in quarterly revenue on Tuesday as the railroad moved higher volumes of Canadian grains and U.S. soybeans, refined petroleum products, finished vehicles and petroleum coke.

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Canada's largest railroad company said net income rose to C$1.02 billion ($775.02 million), or C$1.32 per share, in the fourth quarter ended Dec. 31 from C$941 million, C$1.18 per share, a year earlier.

Revenue rose to C$3.22 billion from C$3.17 billion.

(Reporting by Komal Khettry in Bengaluru; Editing by Sriraj Kalluvila)