A Weakening North American Economy Prompts Canadian National Railway to Cut Jobs

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.