Canadian National Railway Chief Sees Capital Spending on “High Side” Again in 2019

Canadian National Railway Co. will likely top C$3 billion ($2.3 billion) in capital spending for the second straight year in 2019 as it aims to speed up trains and capture rising demand for freight such as grain and crude oil, its top executive said. Canada’s biggest railroad is already spending a record C$3.4 billion this year to fix well-documented bottlenecks and placate disgruntled customers ranging from grain farmers to energy companies.

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