Will focus on intermodal facilities, rail and tie replacement and maintenance of track infrastructure.
Hefty crude-by-rail shipments helped offset the declines.
Carloads fell more than 17% year-over-year as industrial supply chains remain shut down and retail severely curtailed.
Government will gradually increasing the amount that can be produced.
Scheer and Alberta officials call on Trudeau to bring legislators back sooner.
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.