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CN announces Q4 and full year 2022 results

(Source: CN press release, January 24, 2023) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended December 31, 2022. Diluted earnings per share (EPS) of C$2.10 grew by 23% on an adjusted basis in the fourth quarter,...

KCS, CN offer first looks at 2023 capital plans

(Source: Trains Magazine, January 6, 2023) It is probably no surprise that, as Kansas City Southern’s north-south main line becomes a focal point in its pending merger with Canadian Pacific, that route is also front and center in its capital spending plans for 2023,...

TCRC members ratify new contract with CN

(Source: Canadian National press release, January 3, 2023) MONTREAL — CN announced that on December 23, 2022, the Teamsters Canada Rail Conference (TCRC) ratified a new collective agreement. The agreement covers approximately 160 rail traffic controllers in Canada....

CEOs from BNSF, CN, NS set to appear at shippers meeting

(Source: Trains Magazine, January 2, 2023) CEOs of three Class I railroads are among the impressive list of speakers for this year’s winter meeting of the Midwest Association of Rail Shippers, set for Jan. 17-19 at the Westin Lombard Yorktown Center in Lombard, Ill....

CN surpasses grain supply chain capacity target

(Source: Railway Age, December 20, 2022) CN on Dec. 19 reported that it surpassed its winter supply chain capacity target of 595,000 metric tons, moving a total of 620,000 metric tons of grain and processed grain products from western Canada during the week of Dec. 4...

CN reports Q3 2022 operating results

(Source: Canadian National Railway press release, October 25, 2022) MONTREAL — CN today reported its financial and operating results for the third quarter ended September 30, 2022. Diluted earnings per share (EPS) of C$2.13 increased by 40% on an adjusted basis, which...