November 19, 2021 | Canada, CN, CP, Headlines
(Source: Globe and Mail, November 18, 2021) VANCOUVER, B.C. — The railways that link Vancouver and the southern part of British Columbia with the rest of the country are expected to remain flood-damaged and impassable for days. Rail lines owned by Canadian National...
November 15, 2021 | BNSF, CN, CP, Headlines, KCS, STB
(Source: Trains Magazine, November 12, 2021) WASHINGTON, D.C. — BNSF Railway and Canadian National have raised issues with federal regulators’ timeline for review of the proposed Canadian Pacific-Kansas City Southern merger. BNSF seeks more time regarding Mexico...
November 8, 2021 | CN, Headlines, Technology
(Source: Railway Age, November 4, 2021) NEW YORK — CN is buying a Wabtec FLXdrive battery-electric locomotive for use on the Bessemer & Lake Erie (B&LE) portion of its network in Pennsylvania. Full story: Railway Age
November 4, 2021 | CN, Headlines
(Source: BNN Bloomberg, November 2, 2021) MONTREAL — Canadian National Railway Co. said in a letter to shareholders Tuesday that a proxy battle led by a U.K.-based hedge fund is a “conflicted and dangerous campaign” and accused the activist of not working...
November 3, 2021 | CN, Headlines
(Source: Railway Track & Structures, November 2, 2021) NEW YORK — After months of taking a beating from the Surface Transportation Board on its proposed merger with Kansas City Southern, along with a salvo of criticism from and expression of interest in achieving...
October 22, 2021 | CN, Headlines
(Source: Freight Waves, October 20, 2021) CHATTANOOGA, Tenn. — Canadian railway CN will not give a specific time frame for when it will elect a new CEO, and the board of directors will open the search to candidates beyond one recently recommended by activist...
October 22, 2021 | CN, Headlines
(Source: Associated Press, October 19, 2021) OMAHA, Neb. — Canadian National’s CEO is retiring instead of staying to fight against an investor who has been pushing for his ouster. The Montreal-based railroad on Tuesday announced JJ Ruest’s decision to retire at the...
October 22, 2021 | CN, CP, Headlines, KCS, Quarterly Income
(Source: Canadian Press, October 19, 2021) MONTREAL — Canadian National Railway Co.’s embattled CEO is retiring in the new year, the railway says as it reported a big jump in third-quarter profits thanks in part to a $770-million after-tax break fee it received...
October 22, 2021 | CN, Headlines, Quarterly Income
(Source: Canadian National Railway press release, October 19, 2021) MONTREAL — CN today reported its financial and operating results for the third quarter ended September 30, 2021, showing strong performance across nearly all key metrics, with adjusted diluted...
October 19, 2021 | CN, Headlines
(Source: Bloomberg News, October 18, 2021) MONTREAL — The activist investor pushing for change at Canadian National Railway Co. has outlined its plan to improve returns at Canada’s largest railway with a greater focus on efficiency under a new chief executive officer....
