CN today announced that its recovery plan is on track and that it is revising its guidance following the impact of the 8-day strike.
“Our discipline on our recovery plan is delivering results,” said JJ Ruest, president and chief executive officer of CN. “While we expect to take some time and we remain dependent on favourable weather, we are pleased by how things are progressing. Safety is at the heart of everything we are doing as we bring our Canadian Operations back online and we have not experienced any significant setbacks at this point.”
CN would like to thank its customers for the collaboration they have provided during the recovery process and will continue to work closely with them.
Due to the impact of the strike, estimated at around $0.15 of EPS, CN is revising its 2019 full year financial outlook, and remains focused on continuing
