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CN’s profit rises 14% on higher rates

(Bloomberg News circulated the following story by Hugo Miller on October 21.) NEW YORK — Canadian National Railway Ltd., the country’s largest railroad, said third-quarter profit rose 14 percent as the company charged more to deliver coal, metals and minerals....

CN expects to withstand economic slowdown

(The Canadian Press circulated the following story by Ross Marowits on October 22.) MONTREAL — Canadian National Railway (TSX: CNR) says it’s in the best position in its history to withstand an economic downturn, as productivity efficiencies are expected to help...

NS, CN say earnings rose on coal

(Bloomberg News circulated the following story by Angela Greiling Keane and Hugo Miller on October 21.) NEW YORK — Norfolk Southern Corp., the fourth- largest U.S. railroad, and Canadian National Railway Ltd., that country’s biggest carrier, posted quarterly...

CN reports net income of C$552 million

(CN issued the following on October 21.) MONTREAL — CN (TSX: CNR)(NYSE: CNI) today reported its financial and operating results for the third quarter and nine months ended Sept. 30, 2008. Third-quarter 2008 highlights * Diluted earnings per share increased 21 per cent...

CP Rail, CN Rail expected to report few surprises

(Reuters circulated the following story by Allan Dowd on October 20.) VANCOUVER, B.C. — Canada’s two major railways are expected to reveal few surprises when they announce earnings in coming days, though the market will be looking to see if a weaker Canadian...

Musicians wax lyrical about opposition to CN rail plan

(The following story by Richard Wronski appeared on the Chicago Tribune website on October 8.) CHICAGO — Musicians Dan and Jenny Kortmann have a motto: “Whenever there’s a wrong that needs righting, there’s a song that needs writing.” The Lake...

Caught on the wrong side of the tracks?

(The following story by Guy Tridgell appeared on the Southtown Star website on October 12.) CHICAGO — Matteson is about to become a tale of two cities. If the controversial sale of the EJ&E Railroad goes through, the town’s fire department could find itself...

Canadian National upgrading iron-ore car fleet

(The Canadian Press circulated the following on October 9.) MONTREAL — The railway did not release the cost of the program in a statement Thursday from Duluth, Minn. Delivery of the new cars is to begin in January, allowing CN to retire the same number of old cars...

Falling volumes at CN, CP offset by U.S. dollar

(The following story by David Pett appeared on the National Post website on October 10.) OTTAWA — Lower volumes are in the cards for both Canadian National Railway Co. and Canadian Pacific Railway Ltd. but a strengthening U.S. dollar will offset some of the bottom...

Railways not immune from slowdown

(The following story by Nathan VanderKlippe appeared on the National Post website on October 8.) VANCOUVER, B.C. — Until mid-September, just about the only thing not falling off the economic rails was the railroad companies themselves. Fuelled by rising Asian demand...