Canadian National Railway: 3 Key Takeaways for Long-Term Investors

Canadian National Railway reported 18% year-over-year growth in adjusted diluted earnings per share in Q3 2026. The company has completed major capital investments and is now converting freight volume growth into profit expansion through operational efficiency improvements, including 7% employee productivity gains. With normalized capital spending and strategic partnerships extending reach into Mexico, CNI is positioned to generate operating leverage and free cash flow growth.