Economics
Rise in Rail Shipments A Sign of Rebound in Canada
- CN sees higher volumes last week of May following downturn
- Increase may be ‘light at the end of the tunnel,’ CFO says
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One of Canada’s railways is seeing signs the economy is slowly bouncing back from the coronavirus pandemic.
Volumes rose 4% at Canadian National Railway Co. in the last week of May as manufacturing and construction sectors reopened, said Chief Financial Officer Ghislain Houle. While the recovery is expected to be slow, it’s a positive sign after shipments hit bottom last month, he said.