CN Rail network beginning to recover in March from weak winter, says interim CEO
MONTREAL — Canadian National Railway Co. is beginning to recover from a turbulent end to 2017 and deep winter freeze that curtailed its service, the railroad’s interim CEO said Wednesday.
Jean-Jacques Ruest told an investor conference Wednesday that February was among the worst months in the company’s history as volume decreased and costs rose.
But train speeds have picked up and the railway is moving more freight which will help customer service and satisfaction, he said.
“So all these things are saying that the month of March is slightly better,” he told the J.P. Morgan Aviation, Transportation & Industrials Conference in New York.