Financial performance
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CN says outlook rosy for 2021
Net income surged 17 percent in the fourth quarter, buoyed by shipments of grain
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Wholesale sales rose in November, manufacturing sales down
Manufacturing sales dropped 0.6 percent in November, Statistics Canada reported
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Entrepreneurs upbeat about 2021
Survey finds they plan to invest more in 2021 than they did last year as the vaccine rolls out
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Delivery demand pushes FedEx 2Q profit to US$1.2 billion
More than doubled its profit in the latest quarter
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U.S. maritime sector asks for US$3.5 billion in Covid relief
Letters to congress, administration cite nearly 14 percent drop in U.S. cargo value due to pandemic
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Big airlines left out of new aid packages
Aid package targeting big players such as Air Canada and WestJet Airlines remains in the works
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Airports Council looking for aid
Since April, traffic in airports has been down 90 percent
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CN will consider more layoffs if business slows
Only if business slows dramatically during second wave, says CEO
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Moller-Maersk sees demand decline
Contraction of four to five percent this year due to the Covid-19 pandemic
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Ottawa may draw on high-interest federal loan program for airline bailout
Program offers loans of $60 million or more to large companies facing cash problems, but comes with an interest rate far above average