0951 ET - In just the latest sign of the uncertainty thrown up by the Trump administration's approach to trade and tariffs, the volume of cargo carried by Canadian railways has fallen sharply. Total volume reached 26.7 million metric tons in February, down 12.9% on-year for the steepest annual decline in three years, Statistics Canada data shows. While freight transport typically slows in the winter months and February had one fewer day this year, the threat of U.S. import tariffs has introduced wariness into business planning. Volume in February was at its lowest level since 2019 and below the five-year average of 28.2 million tons for the month, the data agency says. It notes sharp declines were reported in the loadings of many commodities, including iron ores, wheat and potash. (robb.stewart@wsj.com; @RobbMStewart)

(END) Dow Jones Newswires

April 24, 2025 09:51 ET (13:51 GMT)

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