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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…
CN beefs up B.C. North Line capacity
Canadian National announced that it will build five extended sidings this year as part of a multiyear C$155 million program to expand capacity in the Edmonton, Alta.-Prince Rupert, B.C., corridor.
Joy, trepidation, fear at CP—all at the same time
The worst kept secret in the railroad industry for more than a month has been the identity of the new chief executive of Canadian Pacific Railway. For the record, E.…
Hunter Harrison named CP President, CEO
Canadian Pacific Friday officially made its long-anticipated move of appointing E. Hunter Harrison president and chief executive officer, completing a significant revision of CP leadership through its revamped board of…
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