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CN reports fourth quarter, annual financials
Lets ban photos of locomotives in favor of trains for this type of news story.
How many customers were added or dropped in the past year?
62.9% operating ratio is not sustainable. There is literally no more furniture or 2x4 studs in the walls left to sell off in order to make the books look good.
In 2006 we once had CN VP’s going through the local section gang sheds taking excess shovels, and counting brooms in janitor closets in the yard offices. That’s a little much!
And that is not even bringing up the derailment record and the maintenance and staffing cuts.
Been there, done that. The cupboard is bare. The emperor has no clothes.