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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...

Naperville, Aurora still fighting CN purchase of EJ&E

(The following story by Melissa Jenco and Justin Kmitch appeared on the Daily Herald website on January 22, 2009.) CHICAGO — Naperville and Aurora have decided to stay on track with other towns that are appealing Canadian National’s purchase of the EJ&E...

Surface Transportation Board won’t stay CN’s EJ&E buy

(The following appeared on the Journal of Commerce website on January 19, 2009.) WASHINGTON, D.C. — The Surface Transportation Board has denied petitions to stay its decision approving Canadian National’s purchase of the Elgin, Joliet & Eastern, which is...

Opponents appeal EJ&E deal in federal court

(The following story by Andre Salles appeared on the Suburban Chicago News website on January 17, 2009.) CHICAGO — Opponents of a $300 million rail transaction have filed an appeal in federal court, looking to stop the deal in its tracks. A dozen communities, under...

Forest preserve district to fight CN over EJ&E

(The following story by Stewart Warren appeared on the Herald News website on January 16, 2009.) JOLIET, Ill. — The members of the Will County Forest Preserve District voted Thursday to fight Canadian National Railway’s proposed purchase of the Elgin Joliet...

Plainfield to join legal fight against EJ&E purchase

(The following story by Janet Lundquist appeared on the Plainfield Sun website on January 16, 2009.) PLAINFIELD, Ill. — Plainfield village officials are looking to join the legal fight against Canadian National’s purchase of the Elgin, Joliet and Eastern...

GO trades blames CN as freezing commuters fume

(The following story by Jeff Gray appeared on the Globe and Mail website on January 15, 2009.) TORONTO — Trouble-plagued GO Transit tried to blame Canadian National Railway Co. yesterday after thousands of commuters faced a morning of cancelled trains and delays of up...

30 cars from CN train derail in Sask., rail cars derail

(The Canadian Press circulated the following on January 14, 2009.) DUFF, Sask. — About 30 rail cars loaded with grain derailed has shut down the Canadian National Railway line. The train was headed east from Regina Tuesday night when the cars left the track. No one...

Plainfield to join fight against CN’s EJ&E purchase

(The following story by Janet Lundquist appeared on the Plainfield Sun website on January 14, 2009.) PLAINFIELD, Ill. — Plainfield village officials are looking to join the legal fight against Canadian National’s purchase of the Elgin, Joliet and Eastern...