The Globe and Mail reports in its Wednesday, July 26, edition that Canadian National Railway's profit fell by 12 per cent in the second quarter amid economic weakness that reduced demand for oil, grain exports and consumer products. The Globe's Eric Atkins writes that CN reported a 7-per-cent drop in revenue to $4.1-billion after markets closed on Tuesday. Profit for the three months ending on June 30 was $1.16-billion, or $1.76 a share. That compared with $1.33-billion or $1.92 in the same quarter of 2022. Revenue tonne miles -- the metric for revenue earned by transporting one tonne of freight per mile -- fell by 8 per cent from a year ago, dragged down by an 11-per-cent drop in shipping containers, CN's second-biggest segment. Chief operating officer Ed Harris said, "The second quarter was a tough one." Chief executive officer Tracy Robinson said CN has seen its own operations and those of its customers affected by wildfires, the B.C. port strike, hot weather and the Nova Scotia flooding. She added, "We're also seeing a little more weakness on the economic front." CN reduced its financial outlook for the year, as Ms. Robinson predicted the economic recovery would be pushed back into 2024.