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CN feeling the pain as pandemic rolls on

from Inside Logistics

Business at Canadian National Railway Co. has gone downhill since mid-March, leading to thousands of temporary job cuts at the company as the Covid-19 pandemic rips into a sector that serves as a barometer of economic cycles. Revenue ton miles — a key industry metric — fell 15 percent year over year in April and 21 per cent in May, CEO JJ Ruest said Thursday, speaking at a conference held online. more

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