This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Canadian National Railway Management Discusses Q2 2012 Results - Earnings Call Transcript

To manage this growth, we're in year 2 of a 4-year capacity improvement plan. We've got 7 additional long sidings that will come online late third quarter, early fourth quarter this year that will increase our long train capacity, which, obviously, will help us drive our industry train speed back up and add capacity for continued growth in this key corridor.

So with that said, we have and we'll continue to report industry train speed externally to allow an apples-to-apples comparison to other roads. But in line with our supply chain, end-to-end mindset at CN, we've also established a network train speed measure 2 years ago that is an all-inclusive train speed measure which is meaningful to speak to. So whereas the industry train speed excludes time spent in terminals or accrued change points, network train speed does not. It captures both road and yard time for our trains. What is meaningful about this at CN is during the same time we were slightly down on our industry train speed, we've made gains on network train speed in spite of this GTM growth that we've experienced across our network. Our network train speed actually improved just under 3% quarter-to-quarter despite this growth.

Read the rest of this transcript for free on

4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TSLA $148.42 -1.40%
YHOO $26.86 0.37%
AAPL $93.64 -0.06%
FB $102.01 0.10%
GOOG $684.24 0.17%


Chart of I:DJI
DOW 15,913.71 +253.53 1.62%
S&P 500 1,853.88 +24.80 1.36%
NASDAQ 4,309.28 +42.4430 0.99%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs