MONTREAL – Canadian National Railway Co. reported a third-quarter profit of $1.14 billion, up from $1.09 billion a year ago, as its revenue edged higher.

The railway says the profit amounted to $1.83 per diluted share for the quarter ended Sept. 30 compared with a profit of $1.72 per diluted share in the same quarter last year.

Revenue totalled $4.17 billion, up from $4.11 billion in the third quarter last year.

CN’s operating ratio improved to 61.4 per cent in its latest quarter compared with 63.1 per cent a year ago.

Looking ahead, CN says it expects capital expenditures for 2026 to total $2.8 billion compared with guidance for $3.35 billion in capital spending this year.

The financial results came after CN said earlier this week that it was laying off about 400 managers in cuts tha

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