JOURNAL ARTICLE

Tariffs Caused $400 Million Hit to Canadian Railways in 2025.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Dion, Mathieu 3 of 3

Abstract

The article focuses on the financial impact of U.S. tariffs on commodities, which resulted in over C$550 million ($406 million) in lost revenues for Canada's two largest railroad operators, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. The tariffs, implemented by the Trump administration in 2025, included significant duties on steel, aluminum, and lumber, contributing to trade uncertainty. Canadian National Railway reported a 4% revenue decline in metals and minerals and an 8% decline in forest products for the fourth quarter of 2025, while Canadian Pacific Kansas City noted a revenue impact of C$200 million or more. Despite these challenges, both companies managed to increase their annual revenues and improve their operating ratios. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/01, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:191273426
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