Company said it expects volumes to improve in the months ahead
TORONTO — Canadian National Railway Co (TSE:CNR) reported slightly lower second quarter earnings on Monday as a decline in shipments cut into revenue, but said it expects volumes to improve in the months ahead.
Chief Executive Luc Jobin said the railway faced a “very challenging volume environment” in the quarter, but sees business improving in the second half.
“We expect the second quarter to be the volume trough for the year,” he said in a statement, noting that the railway expects a big grain harvest in Canada.
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