UPDATE 1-CN Rail says workers' strike to hurt profit growth in 2019

3 Dec by Vitaliy Dadalyan

UPDATE 1-CN Rail says workers' strike to hurt profit growth in 2019

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UPDATE 1-CN Rail says workers' strike to hurt profit growth in 2019Canadian National Railway Co cut its target for growth in adjusted profit for 2019 on Tuesday, citing impact of an eight-day strike that led to delays in shipments. The rail operator expects 2019 adjusted diluted per share growth in low to mid single-digit range compared with its previous forecast of growth in the high single-digit range. The country’s biggest rail strike in a decade drew national attention over worker fatigue, after labour union Teamsters Canada released a recording of an exhausted rail worker pleading with a CN supervisor for a break after a 10-hour shift.