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CN Rail to invest C$250 mln to clear Western Canada grain backlog

Published 2018-03-07, 06:43 a/m
© Reuters. CN Rail to invest C$250 mln to clear Western Canada grain backlog
CNI
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March 7 (Reuters) - Canadian National Railway Co CNR.TO said on Wednesday it would invest more than C$250 million ($193million) this year to improve its infrastructure to ease grain supply issues in Western Canada.

CN Rail, once considered the standard in railroad efficiency, has struggled with capacity constraints amid growing demand from the Western Canada grain market.

The company on Monday installed Jean-Jacques Ruest as its interim chief executive after Luc Jobin stepped down abruptly. apologize for not meeting the expectations of our grain customers, nor our own high standards," Ruest said in as tatement on Wednesday. added that the company was directing additional workforce and equipment to clear grain backlogs across its networks.

($1 = C$1.29)

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