Overview

• CPKC revised its 2025 earnings growth forecast to 10–14%, down from the previously projected 12–18%, citing ongoing trade policy shifts and economic risks.
• The company reported a 17% year-over-year increase in Q1 net income, reaching $909 million, with revenues up 8% to $3.8 billion.
• New Canada-Mexico shipping routes have generated over $100 million in revenue, helping mitigate challenges from U.S. tariffs on steel, aluminum, and autos.
• CN Rail maintained its 2025 financial forecast despite trade war pressures, reporting a 5% rise in Q1 net income to $1.16 billion and a 4% revenue increase to $4.4 billion.
• Both rail operators flagged heightened recession risks and volume uncertainty as key challenges in the evolving North American trade landscape.