CN Rail Boosts Profit Goal as Trains Speed Up Under New CEO
- Company saw biggest workload in its history in second quarter
- Record capital spending is increased for second time this year
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Less than five months into the job, Canadian National Railway Co.’s new boss is making good on a pledge to speed up service and improve the carrier’s performance.
Trains moved more swiftly in the second quarter than in the first, and spent less time idling in rail yards, Canadian National said as it reported earnings after the close of trading Tuesday. The company raised its 2018 profit forecast, citing a “swift network recovery” after stumbles that began in the second half of last year.