Tag: Rail

CN ramps up rail service as grain, propane industries demand priority

MONTREAL – Canadian National Railway Co. says it is striving to address grain and propane backlogs as it ramps up service following an eight-day strike, but industry producers are demanding priority treatment that may not come. The country’s largest railway ground to a near halt after 3,200 CN rail conductors and yard workers hit the…

CN strike triggers layoffs in Halifax as rail activity hits the brakes

MONTREAL – The ongoing CN strike has cost scores of Halifax rail workers their jobs — at least for now — as the labour stoppage continues to impact shipping across the country, the union representing the employees said Saturday. More than 250 staff at Canadian National Railway Co.’s Autoport terminal, which handles cars shipped in…

CN Rail boosts three-year profit goals despite a few hitches in 2019

TORONTO – Canadian National Railway Co. is nudging up its three-year financial targets with predicted low double-digit growth in earnings per share, though it sees weaker volume growth this year. The bumped-up profit forecast for 2020 to 2022 exceeds the prior target of 10 per cent annual growth. The Montreal-based railway reiterated its 2019 earnings…