TSX:CNRTransportation
Canadian National Railway Cost Cuts And Sales Push Under Investor Scrutiny
Canadian National Railway announced a CA$75 million cost reduction program focused on management positions to respond to a freight recession.
The company plans to scale back its 2026 capital expenditure budget to align spending with softer freight volumes.
A new Chief Commercial Officer is leading efforts to win freight business and use more of the railway’s existing network capacity.
For investors watching TSX:CNR, these moves come as the share price sits at CA$136.78 and longer term...