Canadian National Railway Co (CNI) Q4 2019 Earnings Call Transcript

Canadian National Railway Co (CNI) Q4 2019 Earnings Call Transcript

Canadian National Railway Co ( NYSE:CNI ) Q4 2019 Earnings Call Jan 28, 2020 , 4:30 p.m. ET. CN's Fourth Quarter and Full-Year 2019 Financial Results Conference Call will begin momentarily.. I would now like to turn the meeting over to Paul Butcher, Vice President, Investor Relations.. Good afternoon, everyone, and thank you for joining us for CN's fourth quarter and year-end 2019 earnings call.. With me today is JJ Ruest, our President and Chief Executive Officer; Ghislain Houle, our Executive Vice President and Chief Financial Officer; Rob Reilly, our Executive Vice President and Chief Operating Officer; Keith Reardon, our Senior Vice President, Consumer Products Supply Chain; and James Cairns, our Senior Vice President, Rail Centric Supply Chain.. It is now my pleasure to turn the call over to CN's President and Chief Executive Officer, Mr. JJ Ruest.. The fourth quarter, we produced adjusted EPS of CAD1.25, down 16%; the revenue ton-mile volume was down 13%; the revenue at CAD3.6 billion was down 6%; and our adjusted operating ratio of 65.2% was up 400 basis point.. During last fall, we did what we said we would do to right-size the business to current weaker demand.. Based on feedback we received