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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.
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…
Canadian shippers await promised service law
Canada's Coalition of Rail Shippers (CRS) issued a statement Monday applauding the Minister of Transport, Denis Lebel, for reconfirming his commitment to "introduce a bill which would give shippers the right to service…
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