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0.000258933195235578 0 0.000129466597617697 -0.000388399792853459 -0.000129466597617881 0.00220093215950287 0.00310719834282748 0.00466079751424132
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CN Rail struggling to catch up to demand surge [Business News Network (BNN) Energy & Resources (Canada)]

CANADIAN NATIONAL RAILWAY (CNI)  More Company Research Source: Business News Network
Last canadian national railway earnings: 7/24 04:01 pm Check Earnings Report
US:NYSE Investor Relations: cn.ca/en/investors
PDF CN Rail struggling to catch up to demand surge Canadian National Railway Co. ( CNR.TO ), the longtime paragon of efficiency for North American railroads, is losing some of its luster as it struggles to catch up with a surprise surge in demand. A jump in volumes is causing persistent network congestion, prompting a public rebuke last week from customer Halliburton Co. ( HAL.N ), which said service delays would hurt its earnings. The problems have dented investor enthusiasm for Canadian National, dragging shares to this year’s biggest decline among the continent’s six biggest publicly traded railroads. “They’ve always been the gold standard for railroads, but these last few months have been pretty rough,” said Mario Mainelli, a portfolio manager at Caldwell Investment Management in Toronto, which oversees about $1 billion in assets. “If the issues persist, maybe we have a deeper problem.” Vowing to fix the service problems, Canadian National is boosting its 2018 capital spending budget [Read more]

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