Canadian National Railway Company reported unaudited consolidated earnings and operating results for the fourth quarter and year ended Dec. 31, 2017. For the quarter, the company reported revenue of CAD 3,285 million against CAD 3,217 million a year ago. Operating income was CAD 1,301 million against CAD 1,395 million a year ago. Income before income taxes was CAD 1,188 million against CAD 1,363 million a year ago. Net income was CAD 2,611 million or CAD 3.48 per diluted share against CAD 1,018 million or CAD 1.32 per diluted share a year ago. Net cash provided by operating activities was CAD 1,349 million against CAD 1,378 million a year ago. Property additions were CAD 878 million against CAD 666 million a year ago. Adjusted net income was CAD 897 million or CAD 1.20 per diluted share against CAD 952 million or CAD 1.23 per diluted share a year ago. The increase in Revenue was mainly attributable to higher international container traffic via the ports of Prince Rupert and Vancouver, and increased volumes of frac sand; freight rate increases; and higher applicable fuel surcharge rates.

For the full year, the company reported revenue of CAD 13,041 million against CAD 12,037 million a year ago. Operating income was CAD 5,558 million against CAD 5,312 million a year ago. Income before income taxes was CAD 5,089 million against CAD 4,927 million a year ago. Net income was CAD 5,484 million or CAD 7.24 per diluted share against CAD 3,640 million or CAD 4.67 per diluted share a year ago. Net cash provided by operating activities was CAD 5,516 million against CAD 5,202 million a year ago. Property additions were CAD 2,673 million against CAD 2,695 million a year ago. EBITDA was CAD 6,851 million against CAD 6,632 million a year ago. Adjusted EBITDA was CAD 6,861 million against CAD 6,561 million a year ago. Adjusted net income was CAD 3,778 million or CAD 4.99 per diluted share against CAD 3,581 million or CAD 4.59 per diluted share a year ago. The increase in Revenue was mainly attributable to higher volumes of traffic in overseas intermodal, frac sand, coal and petroleum coke exports, and Canadian grain; freight rate increases; and higher applicable fuel surcharge rates; partly offset by the negative translation impact of a stronger Canadian dollar.

For the quarter, revenue ton miles (RTMs) were 59,477 million against 58,906 million a year ago. Total carloads were 1,461,000 against 1,369,000 a year ago.

For the full year, revenue ton miles (RTMs) were 237,098 million against 214,327 million a year ago. Total carloads were 5,737,000 against 5,205,000 a year ago.

For 2018, the company aims to deliver adjusted diluted EPS in the range of CAD 5.25 to CAD 5.40 this year compared to adjusted diluted EPS of CAD 4.99 in 2017.