# CN Rail Downgrades Financial Outlook as Result of Strike - TT

> CN Rail lowered its 2019 earnings outlook after the eight-day strike by 3,200 Teamsters conductors and yard crews. The company now expects adjusted EPS growth in the low to mid single digits, with the strike costing about 15 cents per share.

- Date: 2019-12-03 · published 2019-12-03T12:00:00.000Z
- Category: logistics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/55605-cn-rail-downgrades-financial-outlook-as-result-of-strike-tt
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The earnings downgrade is a corporate matter with little direct effect on grain prices, though it signals the strike's effect on Canadian rail capacity.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-11-18 | [First CN Rail strike in decade piles more woes on battered Western farmers - Financial Post](https://feedsoft.ai/events/56083-first-cn-rail-strike-in-decade-piles-more-woes-on-battered-western-farmers.md) | +3.8% | +3.1% |
| WHEAT | 2020-10-02 | [CN Rail Workers Strike \| Feed & Grain](https://feedsoft.ai/events/50667-cn-rail-workers-strike-feed-and-grain.md) | +1.9% | +3.6% |
| WHEAT | 2022-09-15 | [Potential food crisis averted as rail strike deal is reached \| Food Dive](https://feedsoft.ai/events/39626-potential-food-crisis-averted-as-rail-strike-deal-is-reached-food-dive.md) | +5.5% | -9.2% |
| WHEAT | 2025-06-12 | [South Africa Rail Firm Averts Strike as Unions Accept Deal](https://feedsoft.ai/events/24230-south-africa-rail-firm-averts-strike-as-unions-accept-deal.md) | +1.3% | -2.3% |
| WHEAT | 2024-04-18 | [Rail strike looms as CN, CPKC workers take action to a vote - Grainews](https://feedsoft.ai/events/30759-rail-strike-looms-as-cn-cpkc-workers-take-action-to-a-vote-grainews.md) | +0.5% | +2.4% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/cn-rail-downgrades-financial-outlook-result-strike

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.