after a washout left a stretch of CN track sagging unsupported above a massive ditch where a culvert once lay, stopping train shipments from the Port of Halifax. Over the weekend, torrential rains and flooding in Nova Scotia severed a key rail link to Central Canada and the U.S. “Most of the business lost in Q2 will not be recoverable,” said chief marketing officer Doug MacDonald, referring to forest product shipments. The flames halted operations at lumber mills amid rolling evacuations. Robinson stressed factors that remain firmly within CN’s control _ on-time performance, safety and velocity - which all saw their metrics improve over 2022.īeyond its grasp were the wildfires that have raged across the country over the past two months, numbering nearly 900 last week. “The longer-term fundamentals remain strong,” she said. However, the company’s goal of ramping up profitable growth through 2026 and beyond remains on track, she insisted, even as the railway taps the brakes on its hiring plan amid economic shudders. And we’ve seen more generally a softer volume market economically, particularly in some of our commodities segments,” chief executive Tracy Robinson told analysts on a conference call. “The heat and the wildfires in parts of both Eastern and Western Canada over the last few months have impacted our operations and the operations of some of our customers, and that’s had a temporary impact on volume. Lower consumer demand as well as disruptions caused by wildfires reduced freight service over the second quarter, especially for containers and lumber products, CN said. Westcoast Homes & Design Previous Issues.Vancouver Sun Run: Sign up & event info.
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