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CN reports first quarter net income of $688 million

(CN issued the following on April 26, 2011.) MONTREAL, April 26, 2011 — CN today reported its financial and operating results for the first quarter ended March 31, 2011. First-quarter 2011 highlights • Net income increased 31 per cent from the year-earlier quarter to...

Bill Gates now CN’s largest shareholder

(The following appeared on the Globe and Mail website on April 25, 2011.) TORONTO — Bill Gates owns a $3.2-billion train set, making him the largest Canadian National Railway Co. The Microsoft Corp. founder now controls more than 46 million CN shares, or 10.04 per...

U.S. appeals court backs Chicago suburbs in CN-EJ&E fight

(The following appeared on the Chicago Tribune website on March 15, 2011.) CHICAGO — A U.S. appeals court in Washington on Tuesday upheld a ruling by federal regulators requiring the Canadian National Railway to pay the majority of the costs for building two key...

Bill Gates increases stake in CN Rail

(The following appeared on the Toronto Sun website on March 7, 2011.) MONTREAL — Microsoft founder Bill Gates, the largest shareholder in Canadian National Railway Co., spent $8 million through his investment agency to increase his stake in the rail giant,...

CN stock poised to lead the way

(The following appeared on the Financial Post website on February 16, 2011.) OTTAWA — Canadian National Railway Co. should benefit from a shift in favour within the rail segment, says RBC Capital Markets analyst Walter Spracklin, who upgraded the stock to Outperform...

CAW members approve collective agreement with CN

(The Canadian Press circulated the following on February 14, 2011.) TORONTO — Members of the Canadian Auto Workers have overwhelmingly approved collective agreements with Canadian National Railway that will increase pay scales by 11.4 per cent over four years. The...

CN to spend $1.7 billion on capital investments in 2011

(CN issued the following press release on February 9, 2011.) CN announced on February 9 plans to invest C$1.7 billion in 2011 to maintain a safe and fluid railway network, to grow the business efficiently and to continue to provide customers with a high level of...