How did CNI's freight revenue trends shift in Q3 2024 compared to previous quarters

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How did CNI's freight revenue trends shift in Q3 2024 compared to previous quarters?

4/14/2025 08:22am

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Canadian National Railway (CNI) demonstrated a significant increase in freight revenue in Q3 2024 compared to the previous quarter, Q2 2024. Here's a detailed analysis:

Q3 2024 Performance:
- In Q3 2024, CNI's freight revenue reached $11.39 billion¹.
- This is a substantial increase from the $9.04 billion recorded in Q2 2024¹.
- Additionally, Q3 2024's revenue is more than double the $6.06 billion reported in the preceding quarter, Q2 2024¹.
Comparison with Q2 2024:
- The most notable jump occurred from Q2 2024's $3.16 billion to Q3 2024's $11.39 billion, indicating a strong recovery or acceleration in revenue generation².
- This suggests that any disruptions or challenges that may have impacted the company's performance in Q2 2024 were largely overcome by Q3 2024.

Source:

1. CNI Freight Revenue (Q3 2024)

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