Canadian National Railway: Initiation of Coverage- Will Its Recent Strategic CapEx Investment Help Sustain Profitability In The Long-Term? 

Canadian National Railway Company (CN) presented its financial and operational results for the second quarter of 2025, reflecting a cautiously optimistic outlook amidst challenging external conditions. The company reported a 2% growth in adjusted earnings per share (EPS), despite a static year-over-year carload count and a 1% reduction in revenue ton miles (RTMs). Key highlights and challenges from the earnings call offer insights into CN’s operational strategy and market conditions.