By Frederic Tomesco, Bloomberg; July 24, 2018
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.
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