April 18 (Reuters) - Canadian National Railway Co CNR.TO will buy 350 boxcars to satisfy rising demand for transporting commodities across North America, the country's biggest freight railroad operator said on Wednesday.
The move comes as CN loses market share to rival Canadian Pacific Railway CP.TO , and is part of its C$3.2 billion ($2.5 billion) capital program. boxcars are expected to be delivered by late summer and will be in service by the end of the year. ($1 = 1.2629 Canadian dollars)