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Chicago-area leaders rip EJ&E report

(The following story by Tom Musick appeared on the Northwest Herald website on July 27.) CHICAGO — Congressional leaders from both parties blasted a preliminary environmental impact statement Friday regarding Canadian National’s proposed deal to buy the Elgin, Joliet...

STB issues report in EJ&E deal

(The following story by Richard Wronski appeared on the Chicago Tribune website on July 26.) CHICAGO — A federal report on Friday raised the specter of frustrated motorists facing lengthy delays at 15 rail crossings in a dozen communities, but concluded that passenger...

Mixed ruling for CN Rail on Chicago rail purchase

(Reuters circulated the following on July 25.) CHICAGO — U.S. regulators are not likely to make a decision on Canadian National Railway’s purchase of the Elgin, Joliet & Eastern Railroad until early next year, according to a ruling released on Friday. But...

Report crucial to EJ&E purchase plan is expected today

(The following story by Richard Wronski appeared on the Chicago Tribune website on July 24.) CHICAGO — Scores of Chicago-area communities Friday could learn the potential environmental impact of a controversial plan to reroute freight traffic around the city and...

Chicago-area residents rise to fight CN’s EJ&E bid

(The following story by Justin Kmitch appeared on the Daily Herald website on July 24.) CHICAGO — They know they’ve got an uphill battle, but several local communities battling Canadian National Railway Co.’s $300 million pending purchase of the Elgin...

Opinion: Will high oil prices stop the CN train?

(The following story by Christopher Barker appeared on the Motley Fool website on July 23.) Despite their blistering rise today, the shares of airline stocks like AMR (NYSE: AMR) and UAL (NYSE: UAL) had appeared to be in some sort of medieval torture device over the...

CN ready to drop EJ&E deal; would derail advantage for Memphis

(The following story by Jane Roberts appeared on the Memphis Commercial Appeal website on July 23.) MEMPHIS, Tenn. — For Memphis shippers who are waiting for faster rail transit times from Chicago, the journey took a lurch this week. Canadian National CEO Harrison E....

CN says it’s not tied to EJ&E deal

(The following story by Brent Jang appeared on the Globe and Mail website on July 22.) TORONTO — Canadian National Railway Co. warned yesterday that it’s willing to abandon plans to acquire a Chicago-area rail carrier if too many strings are attached to the...

CN reports 2nd quarter, first half financial results

(CN issued the following on July 21.) MONTREAL — CN today reported its financial and operating results for the second quarter and first half ended June 30, 2008. Second-quarter 2008 results: * Diluted earnings per share declined six per cent to C$0.95. * Net income...