After Week on Job, CN Rail CEO Tells Wall Street He's in a Hurry
- Plan is to double tracks, add 800 new conductors by July
- CEO is sticking by company’s goal to boost 2018 profit
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Canadian National Railway Co.’s new boss is speeding up spending plans for new track and drivers as the carrier faces mounting pressure from customers to fix capacity shortages.
Canada’s biggest railroad will lay double tracks so it can run parallel trains on some routes, and siding rails to allow trains to pass on a single track. Canadian National also will have 800 new train conductors ready for duty by July, interim Chief Executive Officer Jean-Jacques Ruest said Wednesday.