EarningsCanadian National (CNI) lowered its 2024 EPS growth target to low-single digits due to impacts from labor uncertainty, a four-day Teamsters work stoppage, and wildfires in Alberta.
Economic OutlookCN noted a weaker-than-expected economic backdrop as well as several company-specific headwinds, including work stoppage and Alberta wildfires, as drivers of its lowered 2024 guidance.
RevenueCN estimates revenue ton miles (RTM) growth at the low end of its previous target range due to volume pressure.