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rdf:type	schema:NewsArticle
schema:articleBody	The Canadian National Railway (CN) on Tuesday announced lower third-quarter revenue due mainly to lower freight volumes, a result of the economic downturn caused by the novel coronavirus pandemic. Revenue dropped to CAN$3.4 billion (USD$2.5 billion) compared to CAN$3.8 billion in the same period last year, a drop of around 11 percent, the company said in a statement. "The decrease in revenues was mainly due to lower volumes across most commodity groups caused by the ongoing effects of the COVID-19 pandemic," the company, headquartered in Montreal and known as Canadien National in French, said. For the second quarter of 2020 CN reported a revenue drop of around 19 percent, a figure also blamed on the effects of the pandemic. For the quarter ending September 30, CN reported net income of CAN$985 million, down from CAN$1.1 billion a year ago. Excluding exceptional items, adjusted quarterly earnings stood at CAN$1.38 per share, or 7 cents less than the average consensus of analysts. CN said that operating expenses were down eight percent mainly due to a drop in fuel and labor costs. ast/et/ch/st
schema:headline	Canada's CN railway profits hit by virus pandemic
schema:mentions	French Canadians Commodity Renminbi Montreal United States dollar Canada Pandemic France Virus Coronavirus Coronavirus disease 2019 Canadian National Railway Net income
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)

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