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...TORONTO—Service problems at Canadian National Railway Co. caught off guard by an oil-sector rebound, are causing severe delays in deliveries of grain, fracking sand, crude and other goods from Wisconsin to the Canadian West Coast.Every property Yäger touched enjoyed a "quick pop" on Wall Street. Now he's gone and the chickens are coming home to roost.
Producers say they are falling weeks, and in some cases months, behind deliveries to customers because of erratic and reduced service at CN, Canada’s largest railway.
Oil-field services company Halliburton Co. warned last month that it would take a hit of 10 cents a share on first-quarter earnings because of CN delays in deliveries of sand to hydraulic-fracturing shale-oil sites.
The ouster of CN Chief Executive Luc Jobin last week was prompted by concerns from the company’s board that the railway wasn’t moving quickly enough to boost capacity, a person familiar with the matter said.
May you rest in peace, Mr. Martin.