Canadian National Railway pany(US:CNI)2025-07-22 20:30Financial Performance - Q2 Total Revenues were $4.3 billion, a decrease of 1%[15] - Adjusted diluted EPS grew by 2% to $1.87, while reported diluted EPS increased by 7%[14, 15] - Operating Ratio increased by 50 bps to 61.7% compared to adjusted, and increased by 230 bps compared to reported[15] - Year-to-date Free Cash Flow increased by 5% to $1.5 billion[48] Operational Efficiency - RTMs decreased by 1%[14, 15] - Car Velocity increased from 210 to 213 car miles per day[21] - Through Dwell decreased slightly from 6.9 to 6.8 hours[21] - Train delays caused by work blocks decreased by 4% year-to-date 2025 vs year-to-date 2024[26] - GTMS/T&E employee increased by 11% in Q2 2025 vs Q2 2024[30] - Tie installation efficiency increased by 7% in Q2 2025 vs Q2 2024[32] Revenue Breakdown - Overall carloads remained flat[36] - Grain & Fertilizers revenue increased by 12%, while Automotive, Forest products, Metals & Minerals, and Petroleum & Chemicals decreased by 6%, 9%, 7%, and 6% respectively[36] Outlook - The company now assumes low single-digit RTM growth for the year[43] - The company expects mid to high single-digit adjusted diluted EPS growth[58]