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EJ&E rail sale to CN: What’s next?

(The following story appeared on the Des Plaines Journal website on February 3.) DES PLAINES, Ill. — Rail traffic in the Journal’s Northwest suburban coverage area could start seeing reductions as soon as Wednesday, Mar. 4, after sale of the Elgin, Joliet &...

CN, EJ&E rail merger finalized

(The following story by Kim Smith and Janet Lundquist appeared on the Southtown Star website on February 3, 2009.) CHICAGO — The Canadian National Railway has closed on its purchase of the EJ&E Railroad, but it could be quite a while before more freight trains...

EJ&E sale to Canadian National official

(The following appeared on the Post-Tribune website on February 2, 2009.) GARY, Ind. — Canadian National now officially owns the former EJ&E Railway lines that have stirred up controversy over increased train traffic in Northwest Indiana. The sale of the line...

Aurora signs up for EJ&E appeal

(The following story by Andre Salles appeared on The Beacon News website on January 28, 2009.) AURORA, Ill. — On Tuesday, aldermen unanimously agreed to join in on an appeal of Canadian National Railway’s proposed purchase of the Elgin, Joliet and Eastern rail...

New Lenox mayor: Village right to hold out for more from CN

(The following story by Susan DeMar Lafferty appeared on the Southtown Star website on January 27, 2009.) CHICAGO — As the battle against the Canadian National Railway’s acquisition of the EJ&E Railroad moves into the courts, New Lenox Mayor Tim Baldermann...

U.S. appeals court won’t delay CN/EJ&E merger

(The Associated Press circulated the following on January 23, 2009.) CHICAGO — A federal appeals court on Thursday rejected an emergency request from towns around Chicago to postpone Canadian National Railway’s $300 million purchase of the EJ&E Railroad....

CN reports 2008 fourth quarter net income, full year results

MONTREAL — CN today reported its financial and operating results for the quarter and year ended Dec. 31, 2008. Fourth-quarter 2008 highlights * Net income was C$573 million, or C$1.21 per diluted share, including a deferred income tax recovery of C$42 million, or...

CN Rail boosts dividend as Q4 earnings fall

(The Canadian Press circulated the following story by Ross Marowits on January 22, 2009.) MONTREAL – CN Rail boosted its quarterly dividend by 10 per cent today despite suffering a drop in fourth-quarter net profits to $573 million, mainly because of big gains in the...