Canadian National Railway Co

CNR: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Canadian National Earnings: Fuel Lifts Revenue, Productivity Drives Margin Improvement

Matthew Young

Nov 2, 2026

Canadian National's third-quarter revenue jumped 14% year over year—excluding foreign exchange—on surging fuel surcharges and positive core pricing. Despite fuel noise, adjusted margin improved this quarter.

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Canadian National Railway Co

Canadian National Earnings: Fuel Lifts Revenue, Productivity Drives Margin Improvement

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