CN President and CEO Luc Jobin has unexpectedly stepped down, effective immediately. The railroad’s Board has appointed Executive Vice President and Chief Marketing Officer.Jean-Jacques Ruest Interim President and CEO “until a permanent replacement is in place.”
CN has been identified as “a global leader for its actions and strategies to manage environmental issues” and awarded a position on the Supplier A List by CDP, the non-profit global environmental disclosure platform.
CN will acquire 200 new locomotives over the next three years from GE Transportation—the General Electric division that CEO John Flannery recently said would be sold off because it is a business “that drains investment and management resources without the prospects for a substantial reward.”
CN’s and Norfolk Southern’s recently launched joint interline service initiative for carload traffic is reducing transit times by one to two days between Western Canada and NS destinations in the Eastern U.S., chiefly through bypassing Chicago.
Total U.S. rail traffic for the week ending Oct. 21 was 559,989 carloads and intermodal units, up 3% from the same week a year ago, according to the Association of American Railroads. Traffic totaled 268,943 carloads, up 0.2%, while intermodal volume was 291,046 containers and trailers, up 5.6%, and a record for a single week.