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CN, UTU announce tentative pact

(CN issued the following on January 22.) CHICAGO and CLEVELAND — CN and the United Transportation Union (UTU) today announced a tentative labor agreement applying to approximately 600 UTU members working on CN’s former Illinois Central (IC) and Chicago, Central &...

CN 4Q net up 67% on gain

(Dow Jones Newswires circulated the following story by Mike Barris on January 22.) NEW YORK — Canadian National Railway Co. (CNI) posted a 67% jump in fourth-quarter net income, aided by gains from a tax adjustment and the sales of its Montreal station complex and...

CN announces 10 per cent increase in quarterly cash dividend

(CN issued the following on January 22.) MONTREAL — CN announced today that its Board of Directors has approved a 10 per cent increase in the Company’s quarterly cash dividend. A quarterly dividend of 23 cents (C$0.23) per common share will be paid on March 31, 2008,...

CN reports Q4, full year results

(CN issued the following on January 22.) MONTREAL — CN today reported its financial and operating results for the quarter and year ended Dec. 31, 2007. Fourth-quarter 2007 highlights * Diluted earnings per share were C$1.68, including a C$0.57 per share benefit from a...

CN to report 2007 financial results late this afternoon

(CN issued the following on January 21.) MONTREAL — CN will issue its fourth-quarter and yearend 2007 financial and operating results tomorrow, Jan. 22, 2008, shortly after 4 p.m. Eastern time (ET). CN’s senior officers will review the results and the...

CN failed to meet service obligations to small companies

(The following appeared at CBC.ca on January 21.) OTTAWA — Five grain shippers and the Canadian Wheat Board say they have won a major victory against CN Rail in a complaint over service to smaller shippers. The companies filed a complaint with the Canadian...

EJ&E sale may lessen freight traffic on BNSF, Metra line

(The following story by Joe Sinopoli appeared on the La Grange Suburban Life website on January 22.) LA GRANGE, Ill. — The pending sale of the EJ&E rail line may spell relief from freight trains that seem to take an eternity to pass area crossings along the...

Lake Zurich opposes EJ&E sale

(The following story by Madhu Krishnamurthy appeared on the Daily Herald website on January 22.) CHICAGO — Lake Zurich is the latest village to jump onto the opposition bandwagon to Canadian National Railway’s proposed purchase of the Elgin, Joliet &...

Opinion: CN responds to merger worries

(The following Letter to the Editor by Gordon Trafton, a CN Vice President, appeared on the Daily Herald website on January 21.) CHICAGO — To the editor: As a Daily Herald editorial recently noted (“Quit wailing, start seeing rail partnerships”),...

Last chance for public to weigh in on EJ&E proposal

(The following story by David Sharos appeared on the Chicago Tribune website on January 20.) CHICAGO — The federal Surface Transportation Board, which is assessing the environmental and economic impact of Canadian National’s proposal to run freight trains on the...