CN Counting On Prince Rupert

The rails are exposed to any major downturn in the North American economy, as witnessed by the negative impact a slump in U.S. housing starts had on lumber shipments last year. Despite the current volatility, CN estimates its revenue will increase between 6% and 8% next year, from nearly $7.9-billion in 2007, and that top line growth would be the major driver of its projected mid-to-high single digit earnings growth in 2008. Last year, CN turned in net income of roughly $1.7-billion, or $3.40 a share, excluding certain one-time gains. http://www.financialpost.com/story.html?id=256106

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