FILE – Protesters speak to Ontario Provincial Police officers at a rail blockade in Tyendinaga Mohawk Territory, near Belleville, Ont., on Monday Feb. 24, 2020, as they protest in solidarity with Wet’suwet’en Nation hereditary chiefs attempting to halt construction of a natural gas pipeline on their traditional territories. Analysts say Canadian National Railway Co. saw lower freight volumes last quarter due to rolling blockades that halted rail traffic across swathes of the country in February. THE CANADIAN PRESS/Lars Hagberg

Blockades expected to derail CN’s Q1 results, COVID-19 looms down the line

Multiple blockades popped up all over Canada in support of Wet’suwet’en

Analysts expect Canadian National Railway Co.’s first-quarter freight volumes to take a hit due to rolling blockades that halted rail traffic across large swathes of the country in February.

The blockades came on top of lower container volumes from China following production shutdowns triggered by the COVID-19 outbreak, but hefty crude-by-rail shipments helped offset the declines.

CEO JJ Ruest has said the deep slump in Chinese production and Canadian auto manufacturing was narrowing the flow of goods to and from Canada, hurting business at the country’s largest railway in spite of strong demand for grain and other bulk commodities.

Analyst Walter Spracklin of RBC Dominion Securities says the blockades last winter dented volumes and pushed up its operating ratio, a metric that calculates operating expenses as a percentage of revenue.

CN shut down its eastern network on Feb. 13, one week into a blockade by Tyendinaga Mohawk protesters that cut a key rail link east of Belleville, Ont.

Provincial police cleared the demonstration at the end of February, which was part of a slew of pop-up blockades across the country launched in solidarity with Wet’suwet’en hereditary chiefs who oppose a natural gas pipeline slated to pass through their traditional territory in British Columbia.

READ MORE: Wet’suwet’en chiefs, ministers reach proposed agreement in B.C. pipeline dispute

The Canadian Press


Like us on Facebook and follow us on Twitter.

CN RailCoronavirusIndigenousrailway

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Nanaimo bluesman David Gogo releases his new single, Christine, on Oct. 30. (Photo courtesy Andrew Dodd)
Nanaimo bluesman David Gogo evokes return to good times with new single

Upcoming release ‘Christine’ among a dozen new songs written during pandemic

Premier John Horgan heads to his ride following his announcement that there will be a fall election as he speaks during a press conference in Langford in September. (Chad Hipolito/Canadian Press)
Editorial: Majority needs to work for all British Columbians

Concepts of co-operation change as we go from an NDP minority to a majority

Nanaimo RCMP are looking for a suspect who rammed a police car to escape an arrest attempt. (File photo)
Drug trafficking suspect rams police vehicle in Nanaimo and escapes arrest

Suspect still at large after fleeing from police in Harewood on Friday afternoon

Dr. Richard Stanwick, Island Health chief medical health officer, immunizes Victoria Schmid, Island Health’s vice-president of pandemic planning. (Submitted photo)
Island Health advising people to get a flu shot

People looking to get vaccinated should book an appointment, says Island Health

FILE – Provincial Health Officer Dr. Bonnie Henry provides the latest update on the COVID-19 pandemic in the province during a press conference in the press theatre at Legislature in Victoria, B.C., on Thursday, October 22, 2020. THE CANADIAN PRESS/Chad Hipolito
B.C. shatters COVID-19 records with 817 weekend cases; masks now expected indoors

Three people have died over the past three reporting periods

RCMP have released more details regarding what led up to an arrest caught on video in Williams Lake Sunday, Oct. 26. (Facebook video screenshot)
Review launched after ‘high-risk, multi-jurisdictional’ chase, arrest in Williams Lake

RCMP launching a full review and code of conduct investigation

Freighter drags anchor towards Boulder Point Oct. 22. It came within 730 metres of the shore, according to maps from the Port of Nanaimo. (Photo submitted)
MacGregor introduces bill to address freighter anchorages along the South Coast

Concerns about the environment, noise, pollution and safety abundant

(Pxfuel)
B.C. limits events in private homes to household, plus ‘safe six’ amid COVID-19 surge

Henry issued a public health order limiting private gatherings to one household, plus a group of ‘safe six’ only

B.C. Liberal Leader Andrew Wilkinson speaks during a drive-in car rally campaign stop at a tour bus operator, in Delta, Saturday, Oct. 17, 2020. THE CANADIAN PRESS/Darryl Dyck
Andrew Wilkinson stepping down as B.C. Liberal leader

Will stay on until the next party leader is chosen

Harvesters participating in the extended commercial halibut season will need to land their catch in either Prince Rupert (pictured), Vancouver, or Port Hardy by Dec. 14. (File photo)
B.C.’s commercial halibut season extended three weeks

COVID-19 market disruptions at the root of DFO’s decision

Campbell River's new hospital, July 2018
Nurse diverts opiates and falsifies records at Campbell River Hospital

Nurse facing disciplinary action for moving opiates out of the hospital

VicPD and B.C. Conservation Officer Service teamed up to free two bucks who were entangled in a fishing net and dragging a wheelbarrow sized piece of driftwood behind them. (VicPD)
VIDEO: Police, B.C. Conservation help two bucks caught in one fishing net

Bucks were also dragging a wheelbarrow sized piece of driftwood behind them

Most Read