TSX:CNRTransportation
Canadian National Railway Cost Cuts Test Earnings Resilience In Freight Recession
Canadian National Railway (TSX:CNR) has announced a $75 million cost-reduction program focused on management roles.
The company plans to keep frontline operational capacity in place while trimming overhead.
A new Chief Commercial Officer is introducing a more aggressive, decentralized sales approach.
These changes come as the company responds to an ongoing freight recession in the rail sector.
Canadian National Railway sits at the core of North American freight movement, so any shift in its...