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CN Railway earnings up 21%

CN Railway earnings up 21%

   Canadian National Railway said it had first quarter net profit of C$511 million ($503 million), 21 percent more than the same 2009 period.

   Revenue was C$1.97 billion ($1.96 billion), up 6 percent over the first quarter of 2009.

   By commodity, revenue increased 48 percent for automotive, 28 percent for coal, 10 percent for intermodal, 6 percent for metals and minerals, and 4 percent for grain and fertilizers. Revenues fell 6 percent for petroleum and chemicals 5 percent for forest products.