CN, Duluth Cargo Connect to establish first intermodal container terminal in Twin Ports

CN and Duluth Cargo Connect announced a new alliance establishing the first rail-served intermodal container ramp in the Twin Ports of Duluth, Minn. and Superior, Wisconsin. Duluth Cargo Connect, a working partnership of the Duluth Seaway Port Authority and Lake Superior Warehousing, will operate the rail-served facility at the port’s Clure Public Marine Terminal.

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EDC: Investment 101 … again

By Peter G Hall, Vice President and Chief Economist

Ever seen a particular stock do really well? It’s hard to resist buying in. And if it does consistently well year after year, well, it’s hard to resist devoting a huge chunk of the portfolio to it. That’s sort of what the U.S. economy is to Canada. It has paid off so well for us over the years that we are deeply into it. As investment professionals would say, that’s too much single exposure. It has long since been said that Canada needs to diversify trade and international activities beyond the U.S.; have we made any progress in recent years?

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CN and CP announce first quarter 2017 results

While both of Canada’s major railways felt the effects of a weak economy, CN produced another quarter of stellar results, while CP produced more modest results.

During the quarter, CN’s revenues increased by just over 8 per cent to $3.3 billion. However, operating expenses rose by almost 9 per cent. Net income before income taxes rose from $1,099 million during the first quarter of 2016 to $1,183 million during Q1 of 2017. Cash flow from operations increased to $1,265 million during the period, up from $1,065 million during the same period of 2016. “Free” cash flow, the amount remaining from operating cash flow after subtracting net investments made during the quarter and dividends paid to investors, increased to $547 million from $303 million during the first quarter of 2016.

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