(Reuters circulated the following article on March 29.)
MONTREAL — Canadian National Railway Co. said on Thursday it expects its first-quarter profit to decline 5 to 10 percent from year-earlier results because of bad weather and a strike.
CN said it expects diluted earnings to fall 5 to 10 percent below the 2006 first-quarter figure of 66 Canadian cents a share. Severe weather and landslides in western Canada, and a strike by train conductors in February have hampered the railway’s plans to get operations back on track, it said.