Canadian National Trims FY24 EPS Growth View Post Labor Crisis
CNICanadian National Railway pany(CNI) ZACKS·2024-09-12 00:41

Canadian National Railway Company (CNI) adjusted the outlook for the current year following labor disruptions that threatened to cripple the economy of Canada. The railroad operator has, however, resumed normal operations following the crisis. All essential parameters, including car velocity, train speed and dwell, have recovered following the labor stoppage. Apart from labor woes, Alberta wildfires and weaker-than-expected demand for forest products and metals compelled CNI’s management to adjust its 2024 ...