third quarter 2020
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Rail
Lower volumes, revenue dampen CN’s third-quarter profit
The COVID-19 pandemic continued to put pressure on CN’s volumes in the third quarter.
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Rail
Canadian Pacific seeks opportunities in its land holdings
The railroad has 1,000 acres it can develop with partnering customers.
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Rail
Revenue decline dampens Canadian Pacific’s Q3 profit
Canadian Pacific’s net income fell 3% in the third quarter.
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Business
Kansas City Southern sees opportunities ahead amid lingering headwinds
Executives are confident about an economic recovery but uncertainty persists over how much volumes will grow in the fourth quarter and into 2021.
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Company earnings
Kansas City Southern’s Q3 net profit grows 5% despite lower revenue
Lower operating expenses drove the increase in third-quarter net income.
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News
Norfolk Southern: Impairment charge to help lower Q3 operating expenses
The Eastern U.S. railroad said it expects preliminary operating revenue of $2.5 billion and operating expenses of $1.67 billion in the third quarter of 2020.
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