Canadian National Railway Company Announces Unaudited Consolidated Operating Results for the Fourth Quarter and Full Year Ended December 31, 2019; Provides Earnings and Operating Guidance for the Year 2020
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.