CN ‘cautiously optimistic’ on rail volumes

A photograph of a CN train traveling away from a high mountain range.

Executives with Canadian railway CN (NYSE: CNI) are “cautiously optimistic” that the growth in volumes seen during the third quarter of 2020 will continue in the fourth quarter and into 2021. 

“We’ve got better visibility in front of us than we did in the past. And, but there is still some uncertainty … I know here in Montreal, we’re living a second wave of the pandemic,” said CN Chief Financial Officer Ghislain Houle during his company’s third-quarter earnings call late Tuesday. He noted that...

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