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CN, AMT sign Deux-Montagnes Line deal
Montreal's Agence Metropolitaine de Transport (AMT, or Metropolitan Transportation Agency) has signed an agreement to buy the Deux-Montagnes line from CN for an undisclosed price. The purchase is subject to…
Conductors union spurns CN pact
Canadian National said Friday, Jan. 31, 2014 the Teamsters Canada Rail Conference-Conductors, Trainpersons and Yardpersons has advised the railroad that "the tentative labor agreements negotiated with the union in October…
NARP: New Amtrak Midwest routes advance
The National Association of Railroad Passengers (NARP) says progress is being made on establishing two new Amtrak routes from the railroad's Chicago hub, one serving the Quad Cities and a…
CN boosts rail, wheel flaw detection efforts
CN has announced a program to acquire additional monitoring equipment to enhance its strong technological base for early detection of defects.
CN’s Mongeau: Grain crop looks good
CN President and CEO Claude Mongeau said Monday, Oct. 7, 2013, current forecasts call for western Canada crop production to be one of the largest harvests in history, and he…
CN recognized by CDP for environmental leadership
CN has earned a position of leadership for the quality of climate change data it has submitted to the global marketplace through CDP (Carbon Disclosure Project), described as “the world’s…
CN 2Q earnings up from a year ago
Canadian National reported second-quarter earnings of C$717 million (US$694 million), or C$1.69 (US$1.64) per diluted share, up from net income in the comparable 2012 quarter of C$631 million, or C$1.44…
AMT, CN in talks on Deux-Montagnes line
CN is holding discussions with Montreal's Agence metropolitaine de transport (AMT) on the possible sale of CN's Deux-Montagnes line, including the Mount Royal tunnel, used by AMT regional trains.
CN 1Q earnings slip but beat Street
CN Monday reported first-quarter net income of C$555 million, or C$1.30 per diluted share, down from net income of C$775 million, or C$1.75 per diluted share, in the first-quarter of…
CN names Vena exec VP, COO
Claude Mongeau, president and chief executive officer of CN, on Tuesday announced the promotion of Jim Vena to executive vice-president and chief operating officer.
CN, AMT spar over Montreal locomotive use
A dispute over locomotive operations in the Montreal metropolitan area is pitting CN against regional rail operator Agence Métropolitaine de Transport (AMT). CN, which owns right-of-way used by AMT, is…
CN, CP end litigation over Hunter Harrison
CN announced Monday that it had settled its differences with CP and its former CEO Hunter Harrison over Harrison's joining CP as CEO. The announcement came as CN Executive Vice-President…
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.
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