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By Christopher Reynolds The Canadian Press

U.S.-China trade war hurting Canada’s largest railway, says CN executive

MONTREAL — A slumping global economy and the U.S.-China trade war are hurting freight volumes and revenue, says Canadian National Railway Co.’s chief financial officer.

“Our volumes are much weaker than expected. This is not a CN phenomenon, this is an industry phenomenon,” Ghislain Houle told a CIBC investor conference in Montreal Wednesday.

Oil and container traffic push CN Rail to record revenues of nearly $4B

MONTREAL — Crude-by-rail and container traffic drove Canadian National Railway Co. to its highest ever quarterly revenue and adjusted earnings per share, shoring up confidence in its EPS forecast of low double-digit growth for 2019.

The country’s largest railroad operator saw revenues rise nine per cent year over year to a record $3.96 billion last quarter.

CP Rail CEO opposed to crude-by-rail plan

The head of Canadian Pacific Railway Ltd. has voiced his displeasure at the idea of Alberta’s $3.7-billion deal with Canada’s two biggest rail companies to ship more crude via rail amid a pipeline crunch squeezing oilsands producers.

So the government steps in, we didn’t like it at all,” said Keith Creel, speaking at a conference in Miami on Wednesday.

Report slams proposed air passenger safeguards

Proposed rules around air passenger rights are “inhumane” and will deprive travellers of proper compensation, a new report states.

Advocacy group Air Passenger Rights says would-be regulations that allow airlines to keep travellers on the tarmac for up to three hours and 45 minutes are “unacceptable” and grant more than twice the time permitted under European Union legislation.

Entry-level training standard en route for Canadian truckers within a year

MONTREAL — The country’s transportation ministers have agreed to develop an entry-level national training standard for semi-truck drivers.

Federal Transport Minister Marc Garneau said the minimum bar to get behind the wheel of a semi truck will ensure truckers have the necessary skills, and will be in place by January 2020.