Canadian National Railway Company (CNI) Q1 2025 Earnings Call Transcript

Canadian National Railway Company (NYSE:CNI) Q1 2025 Earnings Conference Call May 1, 2025 4:30 PM ET

Company Participants

Stacy Alderson - Assistant VP of IR
Tracy Robinson - President and CEO
Derek Taylor - Chief Field Operations Officer
Pat Whitehead - Chief Network Operations Officer
Remi Lalonde - CCO
Ghislain Houle - CFO

Conference Call Participants

Fadi Chamoun - BMO Capital Markets
Brian Ossenbeck - JPMorgan
Chris Wetherbee - Wells Fargo
Walter Spracklin - RBC Capital Markets
Ken Hoexter - Bank of America
Cherilyn Radbourne - TD Cowen
Scott Group - Wolfe Research
David Vernon - Bernstein
Steve Hansen - Raymond James
Brandon Oglenski - Barclays
Konark Gupta - Scotiabank
Ravi Shanker - Morgan Stanley
Stephanie Moore - Jefferies
Tom Wadewitz - UBS
Benoit Poirier - Desjardins Capital Markets
John Chappell - Evercore ISI
Daniel Imbro - Stephens
Ari Rosa - Citigroup
Bascome Majors - Susquehanna

Operator

Good afternoon. My name is Krista, and I will be your operator today. All participants are now in a listen-only mode. After the speakers' remarks, there will be a question-and-answer session, during which we ask that you kindly limit yourself to one question. At this time, I would like to turn the call over to Stacy Alderson, CN's Assistant Vice-President of Investor Relations. Ladies and gentlemen, Ms. Alderson.

Stacy Alderson

Thank you, Krista. Welcome, everyone. Thank you for joining us for CN's first quarter financial and operating results conference call. Of note, we have forward-looking statements and non-GAAP definitions for your view on Page 2 of our presentation. These forward-looking statements include estimates, goals, and predictions about the future based on current information and educated assumptions. These come with risks and uncertainties, and with that, there is always the possibility that the outcomes may differ from the expectations. That being said, forward-looking statements aren't guarantees, and factors like economic conditions, competition, fuel prices and regulatory changes could affect actual results.