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Dec 19, 2019

CN operations back to pre-strike levels, with capacity to spare: CEO

CN Rail operations back to normal after strike

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Three weeks after the end of a labour strike that disrupted industries across the country, operations at Canadian National Railway Ltd. are back to normal, said CEO JJ Ruest.

“Volumes are where they would be pre-strike,” Ruest said Thursday in an interview with BNN Bloomberg’s Amanda Lang.

“The key commodities like grain and the major natural resources are moving also at a good pace. So right now in fact, we have capacity to spare to move more product,” he said.

He added the slowdown in the manufacturing sector since last summer gives the company more room to meet demand from grain growers and crude oil producers.

His comments comes more than two weeks after the company cut its profit forecast for the year, estimating the strike will reduce its earnings per share by about 15 cents.

But Ruest said he expects the impact from the strike “will all have been digested” by the end of the quarter.