Tariffs temper Canadian National outlook

Canadian National expects to haul slightly more rail freight in 2025 than a year ago, as President Donald Trump's tariff war tempers expectations for cross-border trade. "There was a new Trump administration to start the year, so we thought there would be lots of uncertainty," Chief Executive Tracy Robinson told the Bank of America industrials conference Tuesday in New York. "We continue to be optimistic that trade deals are going to get done, as we saw over the weekend." A third of the Montreal-based railroad's freight, including steel, grain and containers, originates in or goes to the United States. But…