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Politics : Canadian Political Free-for-All

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To: Goose94 who wrote (36967)	11/3/2025 7:31:49 AM
From: Goose94	1 Recommendation Read Replies (2) of 37063

Maple MAGA Canadian National Railway (CNR-T) is cutting capital spending and laying off managers due to a tariff war affecting freight shipments between Canada and the U.S. Chief Executive Officer Tracy Robinson said these measures will help CN navigate a "challenging" economy impacted by U.S. tariffs. She said, "Adjusting cost structures is critical, especially in a soft macro environment, and we're pursuing all opportunities across our whole work force and asset base." CN posted a 5-per-cent rise in profit in the third quarter, while revenue rose by 1 per cent to $4.2-billion from the same period a year ago. Profit for the three months ending on Sept. 30 was $1.13-billion or $1.83 a share, CN said, compared with $1.09-billion or $1.72 a year ago. CN increased train length by 3 per cent and fuel efficiency by 2 per cent, contributing to a 3-per-cent drop in operating expenses, compared with the same quarter of 2024. The removal of the federal carbon tax helped reduce fuel expenses by 20 per cent. Ms. Robinson said cargo volumes were lower than the railway expected for the period because of the tariffs and overall economic weakness.

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