CN revises earnings guidance lower after work stoppage, says operations recovered

📆 10/9/2024 19:38:00
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Canada Industrial Relations Board,The Canadian Press,Earnings Guidance

MONTREAL — Canadian National Railway Co. revised its earnings guidance for 2024 lower due to several factors including the recent labour stoppage that saw...

MONTREAL — Canadian National Railway Co. revised its earnings guidance for 2024 lower due to several factors including the recent labour stoppage that saw both Canada's major railways grind operations to a halt.Both CN and Canadian Pacific Kansas City Ltd. locked out more than 9,000 workers in August as contract negotiations broke down.

CN says it expects to deliver adjusted earnings-per-share growth in the low single-digit range, compared with a July projection of mid to high single-digit growth. Plastic Films Market to Reach USD 234.63 Billion by 2033; Increasing Demand for Bi-Axially Oriented Polypropylene Films

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Business leaders urge feds to step in to halt railway job actionPhased rail shutdown of Canadian National Railway, Canadian Pacific Kansas City already underway
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