At Tuesday’s investor day in Toronto, Jean-Jacques Ruest stressed “an offensive play, mergers and acquisitions,” after years of focusing on organic growth. “We want to re-enter that...we want some sort of inorganic growth,” the CEO of 11 months told shareholders. In March, CN Rail closed its purchase of the Winnipeg-based TransX trucking and transport company. People consume...and that’s intermodal,” he said, referring to container traffic. The Montreal-based railway’s bumped-up profit forecast for 2020 to 2022 exceeds its prior target of 10-per-cent annual growth, while it reiterated its 2019 goal of low double-digit growth.

Source: thestar June 04, 2019 14:08 UTC