CN buys 350 boxcars to satisfy rising demand

Canadian National Railway Co. will buy 350 boxcars to satisfy rising demand for transporting commodities across North America, the country’s biggest freight railroad operator told Reuters.

The move comes as CN is losing market share to rival Canadian Pacific Railway, and is part of its $3.2 billion capital program.

The boxcars are expected to be delivered by late summer and will be in service by the end of the year.

(Reuters)