Canadian National Railway Company (CNI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Krista, and I will be your operator today. All participants are now in a listen-only mode. After the speaker's 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 Stacey Elderson, CN's Assistant Vice President of Investor Relations. Ladies and gentlemen, Ms. Elderson. Thank you, Krista. Welcome, everyone. Thank you for joining us for CN's third quarter Financial and Operating Results Conference Call. Joining us on the call today are Tracy Robinson, our President and CEO, Pat Whitehead, our Chief Operations Officer, Janet Drysdale, our Chief Commercial Officer, and Jislent Wu, our Chief Financial Officer. As a note, we have forward-looking statements and non-GAAP definitions for your review on page two of our presentation. These forward-looking statements include estimates, goals, and predictions about the future based on our current information and educated assumptions. These come with risks and uncertainties, and with that, there is always the possibility that outcomes may differ from expectations. That being said, forward-looking statements aren't guaranteed, and factors like economic conditions, competition, fuel prices, and regulatory changes could affect actual results. It's now my pleasure to turn the call over to CN's President and Chief Executive Officer, Tracy Robinson. Thanks, Stacey. And hello, everyone. Now, before we turn to results, I want to take some time here at the outset to talk openly with you about what we see and to give you some facts and context on how we're responding. And when I joined CN, we launched a new operating plan. We moved to a scheduled operating model that would drive velocity, efficien...