Canadian National Railway (CNI) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

July 25, 2023 4:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon. My name is Emma, and I will be your conference operator today. Welcome to CN's Second Quarter 2023 Financial and Operating Results Conference Call. All participants are 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.

I would now like to turn the call over to Stacy Alderson, Interim Assistant Vice President, Investor Relations. Ladies and gentlemen, Ms. Alderson.

Stacy Alderson

Thank you, Emma. Good afternoon, everyone, and thank you for joining us for CN's second quarter 2023 financial results conference call. Before we begin, I'd like to draw your attention to the forward-looking statements and additional legal information available at the beginning of the presentation. As a reminder, today's conference call contains certain projections and other forward-looking statements within the meaning of the US and Canadian securities laws. These statements are subject to risks and uncertainties that may actually cause results to differ materially from those expressed or implied in these statements. They are more fully described in our cautionary statement regarding forward-looking statements in our presentation. After the prepared remarks, we will conduct a Q&A session. I do want to remind you to please limit yourself to one question. The IR team will be available after the call for any follow-up questions.

Joining us on the call today are Tracy Robinson, our President and CEO; Doug MacDonald, our Chief Marketing Officer; Ghislain Houle, our Chief Financial Officer, and Ed Harris, our Chief Operating Officer. It is now my pleasure to turn the call over to CN’s President and Chief Executive Officer, Tracy Robinson.

Tracy Robinson

[Foreign Language] It has been a couple of months since we saw many of you in Chicago at our Investor Day. And we're continuing to execute the plan we laid out for you then. We're running a scheduled operation that moves our assets quickly and services our customers consistently, and this is the central theme, and we're driving our growth initiatives on that foundation.

Over the three-year period we discussed in Chicago and beyond, our path is very clear. The longer-term fundamentals remain strong, the growth opportunities are real. We continue to progress that growth agenda, built on the foundation of strong service, driven by disciplined adherence to our plan.