CN recently announced the appointment of new EVP and COO Rob Reilly, effective July 1, and the promotion of Michael Foster to EVP and Chief Information and Technology Officer, effective June 3.
CN projects high single-digit Revenue Ton-Mile (RTM) growth during 2019 and price increases above industry inflation rates.
In reporting its financial and operating results for the first quarter ended March 31, 2019, CN said it had “very solid results,” including record first-quarter carload volumes, the addition of C$350 million of top-line growth and improved year-over-year car velocity.
CN President and CEO Jean-Jacques “JJ” Ruest accepted Railway Age’s 56th Railroader of the Year Award at the Union League Club of Chicago on March 12.
Canadian Pacific announced that it is appealing Transport Canada’s Feb. 8 Ministerial Order to address the securement of trains on mountain grades after a train is stopped by an emergency brake application.
The Alberta Petroleum Marketing Commission (APMC) has signed contracts with CN and Canadian Pacific to utilize 4,400 DOT117 tank cars to transport oilsands crude (bitumen) to U.S. and international markets. Alberta Premier Rachel Notley announced the plan, which also includes locomotive leases, on Feb. 19.
CN, in reporting financial and operating results for fourth-quarter and full-year 2018, noted that the year ended on a strong note, “driven by solid top-line growth and significantly improved operating efficiency.”
While the financially panicked government of Alberta has imposed radio silence on its contentious plan to launch a state-owned fleet of oil trains, CN has teamed with a First Nation to obsolete both tank cars and pipelines in the transportation of bitumen.
RAILWAY AGE JANUARY 2019 ISSUE: The 56th annual recipient of Railway Age’s Railroader of The Year award is CN President and Chief Executive Jean-Jacques “JJ” Ruest, leader of one of North America’s best-performing Class I railroads. From applied chemistry to railroading, CN’s chief executive has always put the customer first.
CN President and CEO Jean-Jacques “JJ” Ruest , Railway Age’s 56th Railroader of the Year, leads one of North America’s best-performing Class I railroads. In this wide-ranging interview with Railway Age Editor-in-Chief William C. Vantuono, Ruest reflects on his distinguished career, and provides his vision of CN’s future.