Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. Canadian National Railway ( CNI) reported on April 20, 2009 that its Q1 FY09 earnings surged 36.3% to Cdn$424.00 million or Cdn$0.90 per share from Cdn$311.00 million or Cdn$0.64 per share, helped by a gain on the sale of its Weston subdivision. Excluding one-time items, net income inched up marginally to Cdn$302.00 million or Cdn$0.64 per share, which beat the most recent consensus estimate of $0.49 per share. Revenue decreased 3.5% year-over-year to Cdn$1.86 billion from Cdn$1.93 billion, hurt by ongoing economic turmoil, resulting in a decline in transportation volumes. Petroleum and Chemicals revenue increased 6.6% to Cdn$340.00 million. Metals and Minerals revenue slipped 3.4% to Cdn$198.00 million. Forest Products revenue, Intermodal revenue, and Automotive revenue dipped 8.5%, 9.1%, and 33.6% to Cdn$302.00 million, Cdn$319.00 million, and Cdn$77.00 million, respectively. However, Coal revenue expanded 4.0% to Cdn$103.00 million. Grain and Fertilizers revenue grew 5.0% to Cdn$357.00 million. As a result, total rail freight revenue declined 3.6% to Cdn1.70 billion. Other revenue decreased 2.4% to Cdn$163.00 million. Revenue ton-miles, measuring the relative weight and distance of rail freight transported, contracted 13.9% to Cdn$38.69 billion. CNI completed its acquisition of the principal lines of the Elgin, Joliet and Eastern Railway Company. The company entered in a joint development partnership with HCL AXON to build iCREW, a SAP-based solution to address the crew management requirements of organizations. The company declared a quarterly dividend of Cdn$0.2525 per share, payable on June 30, 2009. GO Transit acquired the company's Weston Subdivision rail line for Cdn$160.00 million.