October 22, 2021 | CN, Headlines
(Source: Freight Waves, October 20, 2021) CHATTANOOGA, Tenn. — Canadian railway CN will not give a specific time frame for when it will elect a new CEO, and the board of directors will open the search to candidates beyond one recently recommended by activist...
October 22, 2021 | Headlines, Unions, UP
(Source: Associated Press, October 20, 2021) OMAHA, Neb. — Union Pacific and its labor unions are suing each other to determine whether the railroad has the authority to require its employees to get vaccinated against the coronavirus. Full story: Associated...
October 22, 2021 | CN, Headlines
(Source: Associated Press, October 19, 2021) OMAHA, Neb. — Canadian National’s CEO is retiring instead of staying to fight against an investor who has been pushing for his ouster. The Montreal-based railroad on Tuesday announced JJ Ruest’s decision to retire at the...
October 22, 2021 | CN, CP, Headlines, KCS, Quarterly Income
(Source: Canadian Press, October 19, 2021) MONTREAL — Canadian National Railway Co.’s embattled CEO is retiring in the new year, the railway says as it reported a big jump in third-quarter profits thanks in part to a $770-million after-tax break fee it received...
October 22, 2021 | CN, Headlines, Quarterly Income
(Source: Canadian National Railway press release, October 19, 2021) MONTREAL — CN today reported its financial and operating results for the third quarter ended September 30, 2021, showing strong performance across nearly all key metrics, with adjusted diluted...
