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.
September 17, 2021Derek Decloet
Business, Logistics
A Canadian National Railway locomotive pulls a train in Montreal. (Christinne Muschi/Bloomberg News)
CN Rail Targets Cost Cuts, Share Buybacks to Fend Off Shareholder Revolt
A Canadian National Railway locomotive pulls a train in Montreal. (Christinne Muschi/Bloomberg News)