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U.S. railroads face merger pressure, CN Rail’s Harrison says

(Bloomberg News circulated the following story by Hugo Miller on November 27.) TORONTO — The biggest U.S. railroads including Union Pacific Corp. and Burlington Northern Santa Fe Corp. will face investor pressure to merge as they struggle to add capacity, Canadian...

CN reaches labor deal with Steelworkers

(Reuters circulated the following story by Robert Melnbardis on November 20.) MONTREAL — The United Steelworkers union said on Tuesday it reached a tentative labor agreement with Canadian National Railway that would apply to 3,200 track maintenance workers at...

Analysts cut price targets on CN Rail

(The following report by Scott Deveau appeared on the National Post website on November 20.) OTTAWA — Canadian National Railway Co. (CNR/TSX) said Monday it expects current headwinds will keep earnings growth flat for the year, excluding the proceeds of some real...

Stay overweight in rails, but be more selective with UP, CN

(The following story by Jonathan Ratner appeared on the National Post website on November 15.) OTTAWA — Investors’ concerns about the economy have been taking their toll on North America’s largest railroads, but the industry’s structural improvements may continue to...

Communities to fight EJ&E sale

(The following story by Cindy Wojdyla Cain appeared at the Suburban Chicago News website on November 15.) CHICAGO — The proposed sale of the Elgin, Joliet and Eastern Railway would mean increased train traffic, and that has some Illinois communities along the route...

Town leaders keep eye on EJ&E sale

(The following story by Chad Brooks appeared on the Daily Herald website on November 13.) BARRINGTON, Ill. — With the sale of one of the major railways through the Barrington area now a possible reality, the community is making sure its concerns are heard. Canadian...

CN Rail restores service to pulp mill

(The following story by Gordon Hamilton appeared on the Vancouver Sun website on November 9.) VANCOUVER, B.C. — One of northern B.C.’s economic engines, Pope & Talbot’s Mackenzie pulp mill, came close to shutting down according to employees after a...

EJ&E sale’s benefits will come at cost

(The following report by Erik Potter appeared on the Gary, Ind., Post-Tribune website on November 2.) GARY, Ind. — The proposed sale of the EJ&E railroad to Canadian National could offer a mixed bag to Northwest Indiana. The consolidation will mean millions of...

CN, CP team to reduce bottlenecks

(The Canadian Press circulated the following on November 2.) MONTREAL — The country’s two largest railways, Canadian National Railway Co. and Canadian Pacific Railway Ltd. have agreed on a protocol for using the most efficient way to exchange interline freight...