Forex Investment

Foul weather and a 15-day labour disruption forced Canadian National Railway Co. to warn investors its profit in the first quarter will be lower than last year.

CN said its earnings for the quarter are expected to be five to 10 per cent below the 66 cents per diluted share the company made in the first quarter a year earlier.

“The first quarter of 2007 has been an extremely challenging one for CN,” said E. Hunter Harrison, the company’s president and chief executive officer.

“Severe weather conditions in western Canada in January and February disrupted operations of CN and many of its customers. We then had a 15-day strike by 2,800 members of the United Transportation Union in Canada, followed by another bout of harsh weather, which caused landslides that have interrupted operations of both major railways in British Columbia,” he said in a statement.

Harrisson said the company has a recovery program underway and is still aiming to produce diluted earnings per share growth of 10 per cent-plus for 2007.

Shares of CN were off81 cents at $51.00 in afternoon trading on the TSX.

CN’s warning came a week after rival Canadian Pacific cut its first-quarter revenue outlook because of weather problems and the impact at the Port of Vancouver from the CN strike.

Foul weather and a 15-day labour disruption forced Canadian National Railway Co. to warn investors its profit in the first quarter will be lower than last year.

CN said its earnings for the quarter are expected to be five to 10 per cent below the 66 cents per diluted share the company made in the first quarter a year earlier.

“The first quarter of 2007 has been an extremely challenging one for CN,” said E. Hunter Harrison, the company’s president and chief executive officer.

“Severe weather conditions in western Canada in January and February disrupted operations of CN and many of its customers. We then had a 15-day strike by 2,800 members of the United Transportation Union in Canada, followed by another bout of harsh weather, which caused landslides that have interrupted operations of both major railways in British Columbia,” he said in a statement.

Harrisson said the company has a recovery program underway and is still aiming to produce diluted earnings per share growth of 10 per cent-plus for 2007.

Shares of CN were off81 cents at $51.00 in afternoon trading on the TSX.

CN’s warning came a week after rival Canadian Pacific cut its first-quarter revenue outlook because of weather problems and the impact at the Port of Vancouver from the CN strike.

Foul weather and a 15-day labour disruption forced Canadian National Railway Co. to warn investors its profit in the first quarter will be lower than last year.

CN said its earnings for the quarter are expected to be five to 10 per cent below the 66 cents per diluted share the company made in the first quarter a year earlier.

“The first quarter of 2007 has been an extremely challenging one for CN,” said E. Hunter Harrison, the company’s president and chief executive officer.

“Severe weather conditions in western Canada in January and February disrupted operations of CN and many of its customers. We then had a 15-day strike by 2,800 members of the United Transportation Union in Canada, followed by another bout of harsh weather, which caused landslides that have interrupted operations of both major railways in British Columbia,” he said in a statement.

Harrisson said the company has a recovery program underway and is still aiming to produce diluted earnings per share growth of 10 per cent-plus for 2007.

Shares of CN were off81 cents at $51.00 in afternoon trading on the TSX.

CN’s warning came a week after rival Canadian Pacific cut its first-quarter revenue outlook because of weather problems and the impact at the Port of Vancouver from the CN strike.

Foul weather and a 15-day labour disruption forced Canadian National Railway Co. to warn investors its profit in the first quarter will be lower than last year.

CN said its earnings for the quarter are expected to be five to 10 per cent below the 66 cents per diluted share the company made in the first quarter a year earlier.

“The first quarter of 2007 has been an extremely challenging one for CN,” said E. Hunter Harrison, the company’s president and chief executive officer.

“Severe weather conditions in western Canada in January and February disrupted operations of CN and many of its customers. We then had a 15-day strike by 2,800 members of the United Transportation Union in Canada, followed by another bout of harsh weather, which caused landslides that have interrupted operations of both major railways in British Columbia,” he said in a statement.

Harrisson said the company has a recovery program underway and is still aiming to produce diluted earnings per share growth of 10 per cent-plus for 2007.

Shares of CN were off81 cents at $51.00 in afternoon trading on the TSX.

CN’s warning came a week after rival Canadian Pacific cut its first-quarter revenue outlook because of weather problems and the impact at the Port of Vancouver from the CN strike.

Foul weather and a 15-day labour disruption forced Canadian National Railway Co. to warn investors its profit in the first quarter will be lower than last year.

CN said its earnings for the quarter are expected to be five to 10 per cent below the 66 cents per diluted share the company made in the first quarter a year earlier.

“The first quarter of 2007 has been an extremely challenging one for CN,” said E. Hunter Harrison, the company’s president and chief executive officer.

“Severe weather conditions in western Canada in January and February disrupted operations of CN and many of its customers. We then had a 15-day strike by 2,800 members of the United Transportation Union in Canada, followed by another bout of harsh weather, which caused landslides that have interrupted operations of both major railways in British Columbia,” he said in a statement.

Harrisson said the company has a recovery program underway and is still aiming to produce diluted earnings per share growth of 10 per cent-plus for 2007.

Shares of CN were off81 cents at $51.00 in afternoon trading on the TSX.

CN’s warning came a week after rival Canadian Pacific cut its first-quarter revenue outlook because of weather problems and the impact at the Port of Vancouver from the CN strike.

Foul weather and a 15-day labour disruption forced Canadian National Railway Co. to warn investors its profit in the first quarter will be lower than last year.

CN said its earnings for the quarter are expected to be five to 10 per cent below the 66 cents per diluted share the company made in the first quarter a year earlier.

“The first quarter of 2007 has been an extremely challenging one for CN,” said E. Hunter Harrison, the company’s president and chief executive officer.

“Severe weather conditions in western Canada in January and February disrupted operations of CN and many of its customers. We then had a 15-day strike by 2,800 members of the United Transportation Union in Canada, followed by another bout of harsh weather, which caused landslides that have interrupted operations of both major railways in British Columbia,” he said in a statement.

Harrisson said the company has a recovery program underway and is still aiming to produce diluted earnings per share growth of 10 per cent-plus for 2007.

Shares of CN were off81 cents at $51.00 in afternoon trading on the TSX.

CN’s warning came a week after rival Canadian Pacific cut its first-quarter revenue outlook because of weather problems and the impact at the Port of Vancouver from the CN strike.

Foul weather and a 15-day labour disruption forced Canadian National Railway Co. to warn investors its profit in the first quarter will be lower than last year.

CN said its earnings for the quarter are expected to be five to 10 per cent below the 66 cents per diluted share the company made in the first quarter a year earlier.

“The first quarter of 2007 has been an extremely challenging one for CN,” said E. Hunter Harrison, the company’s president and chief executive officer.

“Severe weather conditions in western Canada in January and February disrupted operations of CN and many of its customers. We then had a 15-day strike by 2,800 members of the United Transportation Union in Canada, followed by another bout of harsh weather, which caused landslides that have interrupted operations of both major railways in British Columbia,” he said in a statement.

Harrisson said the company has a recovery program underway and is still aiming to produce diluted earnings per share growth of 10 per cent-plus for 2007.

Shares of CN were off81 cents at $51.00 in afternoon trading on the TSX.

CN’s warning came a week after rival Canadian Pacific cut its first-quarter revenue outlook because of weather problems and the impact at the Port of Vancouver from the CN strike.

Foul weather and a 15-day labour disruption forced Canadian National Railway Co. to warn investors its profit in the first quarter will be lower than last year.

CN said its earnings for the quarter are expected to be five to 10 per cent below the 66 cents per diluted share the company made in the first quarter a year earlier.

“The first quarter of 2007 has been an extremely challenging one for CN,” said E. Hunter Harrison, the company’s president and chief executive officer.

“Severe weather conditions in western Canada in January and February disrupted operations of CN and many of its customers. We then had a 15-day strike by 2,800 members of the United Transportation Union in Canada, followed by another bout of harsh weather, which caused landslides that have interrupted operations of both major railways in British Columbia,” he said in a statement.

Harrisson said the company has a recovery program underway and is still aiming to produce diluted earnings per share growth of 10 per cent-plus for 2007.

Shares of CN were off81 cents at $51.00 in afternoon trading on the TSX.

CN’s warning came a week after rival Canadian Pacific cut its first-quarter revenue outlook because of weather problems and the impact at the Port of Vancouver from the CN strike.