The Canadian National Railway (CN) is confirming that it is in the process of “adjusting its resources to demand” as it deals with a weakening North American economy, which has lowered demand for railroad services. The CN has been affected by a slowdown in the British Columbia forestry sector, where high log prices and a dwindling timber supply have prompted shutdowns or curtailments in more than 2-dozen mills.
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CN Rail confirms job cuts as weakening economy cuts into freight volumes