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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...

CN, CP push for a ‘pipeline on rails’

Canada’s two major railroad companies have begun making regular shipments of oil, in a move that changes how Canadian crude moves to market – and opens the door to new destinations for energy exports, including Asia. Although pipelines continue to carry the...