BC Rail on track for loss as Asian markets dry up

Article Abstract:

BC Rail Ltd., Canada's government-owned freight railway and the fourth-largest in the country, has reported that it will post a loss of up to C$9 million in 1998, its second unprofitable year in 15 years. The freight company attributed the expected loss to the significant drop in the demand for coal and forest products by the Asian countries, particularly Japan. A continuing decline in the demand for these products, the transport of which is the main source of BC Rail's revenue, will likely carry over additiona losses in 1999.

Comment:

Reports that it will post a loss of up to C$9 mil in 1998 as a result of the declining demand for coal & forest products in Asia

Sales, profits & dividends, BC Rail Ltd., Article

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CN Rail strike ends with fragile truce

Article Abstract:

The agreement between Canadian National Railway Co. and the United Transportation Union on wage increase that ended employee strike is discussed.

Contracts & orders received, Personnel administration, Contracts & orders let, Contracts, Labor relations, Contract agreement, Canadian National Railway Co., United Transportation Union

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