CN operations have bounced back.

CN (TSX: CNR) (NYSE: CNI) has successfully recovered from recent labor disruptions and is revising its 2024 financial outlook. The company aims to grow volumes beyond economic growth by focusing on operational efficiency and pricing strategies. Due to labor uncertainty, wildfires, and weaker demand, CN expects low single-digit EPS growth, down from previous mid to high single-digit projections. Capital investment remains around C$3.5 billion, with adjusted ROIC now estimated at 13%-15%. The company anticipates high single-digit EPS growth over the next three years, considering a challenging economic landscape.