CFO Ghislain Houle says the expansion cycle has come to an end.
The Forests Products Association of Canada said rail delays last year cost the forest sector over $500 million.
Crude-by-rail exports have spiked over the past year amidst a pipeline shortage and a big discount on Western Canadian Select oil.
The agreement in question dates to 1906.
Says problems moving grain are “clearly the responsibility of the railroads.”
They cite reductions in crew, locomotives and cars in a drive to boost bottom lines for railroads.
Offering incentives for key employees to delay retirement and postpone vacations, and to entice back recently-retired employees.
Heavy snow in Western Canada and frigid temperatures slowed service fro both rail companies.
Canada’s largest railway is making the investments to improve operations and stay ahead trucking changes.
Work stoppage would have caused plant closures in the $55-billion chemicals and plastics industry.
It expects to transport 3% to 4% more volumes of cargo throughout the year.
TSB investigation determines the derailment caused by excessive truck hunting on the empty centre beam bulkhead flat car.
A sluggish economy and lower volumes of coal, grain and energy products could undermine the lofty 2015 earnings goals, analysts say.
Railway says it is studying a string of derailments to see if any changes are required.
Facility expected to create more than 1,000 direct and indirect jobs in the region.