Railroad Trends · Indexed comparison

Compare quarterly trends.

See how selected measures changed from the same starting quarter. Exact values and annual traffic remain separate.

Canadian National (U.S. operations)3 measures · 2025 Q1–2026 Q2

Quarterly · relative movement

Your comparison

Index: first selected quarter = 100.

Average employeesOperating revenueTotal capital expenditures
Canadian National · solid
Indexed quarterly comparison: Canadian National Average employees, Canadian National Operating revenue, Canadian National Total capital expendituresFrom 2025 Q1 to 2026 Q2. Every available line starts at 100. Exact values are in the following table. Similar movement does not establish causation.17014511993672025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2Canadian National · Average employees, 2025 Q1: index 100.0; 6,453Canadian National · Average employees, 2025 Q2: index 100.1; 6,459Canadian National · Average employees, 2025 Q3: index 100.0; 6,451Canadian National · Average employees, 2025 Q4: index 98.6; 6,365Canadian National · Average employees, 2026 Q1: index 96.9; 6,254Canadian National · Average employees, 2026 Q2: index 96.0; 6,198Canadian National · Operating revenue, 2025 Q1: index 100.0; $908,949,883Canadian National · Operating revenue, 2025 Q2: index 100.0; $909,207,053Canadian National · Operating revenue, 2025 Q3: index 102.0; $927,368,707Canadian National · Operating revenue, 2025 Q4: index 102.0; $927,315,465Canadian National · Operating revenue, 2026 Q1: index 100.6; $914,326,587Canadian National · Operating revenue, 2026 Q2: index 112.7; $1,024,534,542Canadian National · Total capital expenditures, 2025 Q1: index 100.0; $155,381,755Canadian National · Total capital expenditures, 2025 Q2: index 93.8; $145,711,189Canadian National · Total capital expenditures, 2025 Q3: index 137.6; $213,856,861Canadian National · Total capital expenditures, 2025 Q4: index 156.7; $243,543,493Canadian National · Total capital expenditures, 2026 Q1: index 80.4; $124,913,752Canadian National · Total capital expenditures, 2026 Q2: index 93.3; $145,029,617
Indexed lines compare relative movement, not railroad size or absolute performance. Co-movement does not establish causation.
Change railroads, measures or reporting range
1 · Choose up to three railroads

Choose up to three railroads. Keep at least one selected.

2 · Quarterly timeline
STB reportedRailStats calculatedIndexed comparison

120 means 20% higher. Color identifies the measure; line style identifies the railroad.

Quarter readout

Hover or tap the chart, or choose a quarter here.

2026 Q2 · change from 2025 Q1

Swipe horizontally to see all columns. Rotate your phone for a wider view.

All selected lines at 2026 Q2. Changes are RailStats.org calculations relative to the starting quarter.
Railroad / measureExact valueIndexChange from start
Canadian National · Average employeesRailStats calculated6,19896.0-4.0%
Canadian National · Operating revenueRailStats calculated$1,024,534,542112.7+12.7%
Canadian National · Total capital expendituresRailStats calculated$145,029,61793.3-6.7%

100 is the starting value. Percentage change = index − 100; for a percentage-valued measure, this is relative change, not percentage points. A dash means unavailable.

Selected measures and reset
1 railroad × 3 measures = 3 lines
Railroads
Quarterly measures
Annual traffic

Keep at least one railroad and quarterly measure. Reset restores Canadian National, the three starting measures, all annual traffic measures, and the full timeline.

Exact quarterly values and calculated indexes

Swipe horizontally to see all columns. Rotate your phone for a wider view.

Source-unit values · index from 2025 Q1. A dash means unavailable, never zero.
Railroad / measure2025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2
Canadian National · Average employeesRailStats calculated6,453Index 100.06,459Index 100.16,451Index 100.06,365Index 98.66,254Index 96.96,198Index 96.0
Canadian National · Operating revenueRailStats calculated$908,949,883Index 100.0$909,207,053Index 100.0$927,368,707Index 102.0$927,315,465Index 102.0$914,326,587Index 100.6$1,024,534,542Index 112.7
Canadian National · Total capital expendituresRailStats calculated$155,381,755Index 100.0$145,711,189Index 93.8$213,856,861Index 137.6$243,543,493Index 156.7$124,913,752Index 80.4$145,029,617Index 93.3

Separate period · annual traffic

2025 full-year traffic

Only one annual year is available, so these are snapshots, not trend lines. Annual totals are not repeated across quarters or plotted on the quarterly index. Timeline controls above do not change this full-year view.

Carloads

STB reported · carloads

Canadian National2,166,032

Tons

STB reported · tons

Canadian National165,695,285

Gross freight revenue

STB reported · nominal USD

Canadian National$3,402,605,853

Each measure has its own bar scale. Larger totals reflect scale of operations; they do not by themselves indicate efficiency or better performance.

Sources, formulas, and limits

Average employees

RailStats calculated · Quarterly Wage A&B

Sum of the six STB-reported occupational-group average-employee values. Quarterly average. Not a point-in-time headcount.

Operating revenue

RailStats calculated · Quarterly Revenue, Expenses & Income

Sum of five STB-reported operating-revenue line items. Quarterly nominal dollars.

Total capital expenditures

RailStats calculated · Quarterly Condensed Balance Sheet

STB-reported road expenditures plus STB-reported equipment expenditures. Quarter-only nominal dollars.

Index = selected-quarter value ÷ first-quarter value × 100. A zero, negative, or missing starting value cannot be indexed and is marked unavailable; later missing values break the line. Annual traffic uses the reported annual Freight Commodity Statistics totals.

Read methodology · Review official sources

How to read this view

Patterns can guide questions, not prove causes.

Reported facts, RailStats.org-calculated totals, and indexed values remain labeled separately. Annual traffic stays outside the quarterly overlay because its reporting period does not align.