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CN notches solid 4Q results
Canadian National Tuesday reported fourth-quarter earnings of C$610 million (US$614 million), of C$1.41 per share, up from C$592 million, or C$1.32 a share, in the fourth quarter of 2011. Earnings…
CN, Indiana Rail Road plan intermodal venture
CN and the Indiana Rail Road Co. on Wednesday announced plans to construct an intermodal terminal in Indianapolis, designed to offer Indiana importers and exporters an all-rail option for containerized…
CN merges two U.S. subsidiaries
Canadian National ended 2012 by completing its merger of the Elgin, Joliet & Eastern Railway into its Wisconsin Central Ltd. railroad subsidiary.
CN blasts rail regulation legislation
Claude Mongeau, president and chief executive officer of Canadian National, says there is no evidence of systemic rail service problems warranting the Canadian government's introduction Tuesday of legislation that would expand…
Amtrak, VIA Rail, CN reach Maple Leaf accord
Amtrak's Maple Leaf will continue to use the upper level of the Whirlpool Bridge, linking Niagara Falls, N.Y., with Niagara Falls in Ontario, Canada, following an agreement aimed at keeping the…
CN notes 3Q results; sets stock repurchase plan
Canadian National Monday afternoon reported third-quarter net income of C$664 million (US$669 million), or C$1.52 per diluted share, up modestly from C$659 million, or C$1.46 per diluted share, in the…
Rail oil prospects excite Wall Street
Railroads these days are enjoying good “fracking” business—no pun intended—and Wall Street has taken notice.
CN identifies locomotive shop investment
CN Wednesday said it plans a C$12 million expansion of its Locomotive Reliability Centre (LRC), located in Prince George, British Columbia.
CN: More freight cars, containers, in 2012
CN Wednesday said it plans to begin acquiring more than 2,200 new freight cars and 1,300 containers by the end of this year "to support traffic growth and improve customer…
CN, Superior Silica Sands set pact
CN said Monday the Class I railroad and Superior Silica Sands have reached a multi-year agreement to move frac sand from a new processing plant now under construction in northern…
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