Canadian National Railway Company announced unaudited consolidated operating results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company's gross ton miles were 115,015 million compared to 130,792 million a year ago. Revenue ton miles was 57,709 million compared to 66,535 million a year ago. Carloads was 1,425,000 compared to 1,537,000 a year ago. Route miles (includes Canada and the U.S.) was 19,500 compared to 19,500 a year ago.

For the year, the company's gross ton miles was 482,890 million compared to 490,414 million a year ago. Revenue ton miles was 241,954 million compared to 248,383 million a year ago. Carloads was 5,912,000 compared to 5,976,000 a year ago. Route miles (includes Canada and the U.S.) was 19,500 compared to 19,500 a year ago.

The company is targeting to deliver EPS growth in the mid single-digit range this year compared to adjusted diluted EPS of CAD 5.80 in 2019.

The company has growth opportunities that its anticipate will translate into low single-digit volume growth in 2020 in terms of revenue ton miles (RTMs), despite continued weakness in the broad freight environment.