January 26, 2023 | CN, CP-KCS Merger, Headlines, STB
(Source: Seeking Alpha, January 25, 2023) Canadian Pacific dropped 3.2% as the U.S. Dept. of Justice reiterated that the U.S. railroad regulator should block the Canadian Pacific (CP) merger with Kansas City Southern. CP was also likely weaker following guidance from...
January 25, 2023 | CN, Headlines, Quarterly Income
(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,...
January 11, 2023 | CN, CP-KCS Merger, Headlines
(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,...
January 5, 2023 | Canada, CN, Headlines, Teamsters Canada
(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....
January 4, 2023 | CN, CSX, Headlines, NS, STB, UP
(Source: Railway Age, January 3, 2023) CSX, Norfolk Southern (NS), Union Pacific (UP) and the U.S. operating subsidiaries of CN on Dec. 29 requested that the Surface Transportation Board (STB) stay its requirement that the Class I railroads commit to a new arbitration...
January 3, 2023 | BNSF, CN, Headlines, NS
(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....
December 20, 2022 | CN, Headlines
(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...
November 4, 2022 | CN, Derailment, Headlines
(Source: Progressive Railroading, November 3, 2022) CN crews are responding to a derailment that occurred yesterday in Paulina, Louisiana, involving one tank car that leaked hydrochloric acid, prompting an evacuation in the immediate vicinity. Full story: Progressive...
November 3, 2022 | Canada, CN, CP, Headlines
(Source: Trains Magazine, November 3, 2022) Canadian National set a single-month record for movement of Western Canadian grain in October, the company said, moving more than 3.23 million metric tons. Canadian Pacific also set a grain-movement record for the month, the...
October 26, 2022 | CN, Headlines, Quarterly Income
(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...
