Derek Decloet

Business, Logistics

CN Rail Targets Cost Cuts, Share Buybacks to Fend Off Shareholder Revolt

Canadian National train A Canadian National Railway locomotive pulls a train in Montreal. (Christinne Muschi/Bloomberg News)

Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd.

Derek Decloet | Bloomberg News
September 17, 2021