Company Profile For Canadian National Railway Company

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN’s network of approximately 21,000 route miles of track spans Canada and mid-America, connecting three coasts: the Atlantic, the Pacific and the Gulf of Mexico. CN’s freight revenues are derived from the movement of a diversified portfolio of goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive. During the year ended December 31, 2008, 19% of revenues came from United States domestic traffic, 31% from transborder traffic, 24% from Canadian domestic traffic and 26% from overseas traffic. In November 2008, CN announced the acquisition of the three railway subsidiaries of the Quebec Railway Corp. and a QRC rail-freight ferry operation. In January 2009, it completed its acquisition of the principal lines of the Elgin, Joliet & Eastern Railway Company (EJ&E).

BRIEF: For the nine months ended 30 September 2009, Canadian National Railway Company's revenues decreased 13% to C$5.49B. Net income decreased 4% to C$1.27B. Revenues reflect a decrease in the sales of Metals & Minerals, Intermodal and a fall in Other revenues. Net income was partially offset by a decrease in purchased services & material costs, a significant fall in fuel expenses and an increase in other income.