Photo courtesy of CN
Canadian National Railway Co. says it is withdrawing its profit forecast for the year due to the uncertainty fostered by the COVID-19 pandemic, reports BNN Bloomberg.
The country's largest railway says the link between freight demand and ongoing containment measures -- whose duration remains uncertain -- have prompted it to scrub its 2020 guidance as well as the three-year targets it outlined last June.
Most North American railways have withdrawn or revised their outlooks in response to a virus.
CN says blockades in February and fallout from the pandemic in late March depressed freight volumes across all commodities except for crude oil and grain in the first quarter.
