trade uncertainty cut more than $350M from CN’s 2025 revenues, company says
- By Tahani Elghazaly
- Published
Canadian railway company CN said tariffs, trade uncertainty and market volatility impacted its full-year 2025 revenues by more than $350 million, warning that uncertainty around cross-border trade rules could remain a top risk in 2026.
Company executives cited pressure on specific segments such as forest products and metals, while also pointing to the significance of Canada-U.S. trade flows to CN’s overall freight volumes. With the U.S.-Mexico-Canada Agreement up for review this year, CN’s CEO Tracy Robinson described “uncertainty” as the biggest risk for customers’ investment decisions.
CN also reported quarterly and year-end results showing profitability in 2025, alongside a quarterly dividend increase and a 2026 capital investment plan.
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