January 27, 2022 | CN, CP, CP-KCS Merger, Headlines, KCS
(Source: Reuters, January 26, 2022) NEW YORK — There are two ways to win an activist battle: dominate or compromise. In the case of hedge fund TCI Management’s campaign against Canadian National Railway, the resolution announced on Tuesday smacked of the latter. But...
January 26, 2022 | CN, Headlines, Quarterly Income
(Source: Canadian National Railway press release, January 25, 2022) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended December 31, 2021. CN delivered solid operating and financial performance across the board, with...
January 26, 2022 | CN, Headlines, PSR
(Source: Associated Press, January 25, 2022) OMAHA, Neb. — Canadian National railroad on Tuesday named a new CEO and also reached an agreement with the investment fund that has been pushing it to focus more on cutting costs and streamlining its operations. The...
January 14, 2022 | CN, CP, Headlines, KCS, STB
(Source: Canadian Pacific Railway press release, January 13, 2022) CALGARY — Canadian Pacific Railway Limited today issued the following statement in response to CN’s Notice of Intent to file a Responsive Application asking the STB force a divestiture of...
January 14, 2022 | CN, Headlines, Quarterly Income
(Source: Canadian National Railway press release, January 11, 2022) MONTREAL — CN will issue its fourth-quarter and full-year 2021 financial and operating results after the market close on January 25, 2022. CN’s senior officers will review the results and the...
January 13, 2022 | CN, CP, Headlines, KCS, STB
(Source: Canadian National Railway press release, January 13, 2022) MONTREAL — CN yesterday evening submitted a notice of intent to file a responsive application on February 28, 2022, with the Surface Transportation Board (“STB”) in accordance with the STB’s...
January 5, 2022 | Canada, CN, Headlines, PSR
(Source: Real Agriculture, January 5, 2022) LETHBRIDGE, Alberta — CN Rail is currently looking for a new CEO. Normally, an executive search wouldn’t draw that much attention, however, when the position is potentially filled by someone from a shareholding hedge fund,...
January 5, 2022 | Canada, CN, CP, Headlines
(Source: Railway Age, January 4, 2022) NEW YORK — The Railway Association of Canada (RAC) has published the 29th edition of its Rail Trends report, providing a ten-year performance overview (2011-20) of its member passenger and freight railroads. Full story: Railway...
December 28, 2021 | Canada, CN, CP, Headlines
(Source: Railway Age, December 23, 2021) NEW YORK — In the 2020–2021 crop year, Canadian Pacific and CN collectively moved 52,334,795 metric tons of Western grain, 9.0% more than the volume moved during the previous crop year and the highest volume ever on record. For...
December 28, 2021 | CN, Headlines
(Source: Canadian Press, December 23, 2021) MONTREAL — An activist shareholder of Canadian National Railway Co. has blamed the company’s board of directors for failing to secure its preferred candidate for a new chief executive of the railway. Full story:...
