CN Rebounds from Labor Stoppage with Revised Outlook

Canadian National Railway (TSE:CNR) has released an update.

Canadian National Railway (CN) has announced the recovery of its network operations following a labor stoppage, but faces continued demand challenges in some sectors. The company has revised its 2024 financial guidance to a low single-digit EPS growth due to labor disputes, natural disasters, and weaker demand in key markets. Despite these setbacks, CN remains committed to disciplined execution of its operating plan and capital investment program.

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