(Source: Freight Waves, October 22, 2019)
CHATTANOOGA, Tenn. — Despite a lower operating ratio and higher revenue and net profits in the third quarter, Canadian National Railway said it plans to lower its guidance for 2019 amid sluggish rail volumes and a softer North American economic outlook. Third-quarter net profit was C$1.2 billion, compared with C$1.1 billion in the third quarter of 2018.
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