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Train traffic would triple in Gary under CN plan

(The following story by Keith Benman appeared on The Times website on November 1.) GARY, Ind. — Three times as many trains will be running on EJ&E tracks through Dyer, Schererville, Griffith, Gary and Lynwood under Canadian National Railway Co.’s plans to...

EJ&E sale draws opposition

(The following story by Erik Potter appeared on the Gary Post-Tribune website on October 31.) GARY, Ind. — U.S. Rep. Pete Visclosky, D-Merrillville, plans to oppose the sale of EJ&E railroad to Canadian National due to what he calls a lack of cooperation from the...

CN files application with STB to acquire EJ&E

(CN issued the following on October 30.) MONTREAL — CN today filed with the United States Surface Transportation Board (STB) its application seeking regulatory authorization to acquire the principal rail lines of the Elgin, Joliet & Eastern Railway Company...

Large grain shippers step into CN Rail complaint

(Reuters circulated the following story on October 29.) WINNIPEG, Manitoba — Canada’s three largest grain companies have moved to intervene in a service complaint made by the Canadian Wheat Board and small grain shippers against Canadian National Railway. On...

Faulty track blamed in CN crash

(The following story by Dawn Walton and Katherine O’Neill appeared on the Globe and Mail website on October 26.) CALGARY and WABAMUN, Alberta — A defective portion of track initially suspected of causing a CN freight train to derail more than two years ago has...

Analysts cut price targets on CN Rail

(The following story by Scott Deveau appeared on the National Post website on October 24.) 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 estate...

CN reports 3Q financial results

(CN issued the following on October 22.) MONTREAL — CN reported its financial and operating results for the three-month and nine-month periods ended Sept. 30, 2007. Key third-quarter 2007 statistics: * Diluted earnings per share of C$0.96, including a C$0.03 per share...

CN Rail’s 3Q earnings dip on forestry woes

(Reuters circulated the following story by Allan Dowd on October 22.) VANCOUVER, B.C. — Canadian National Railway Co. reported a 2 percent drop in net income in the third quarter on Monday due to weaker forestry shipments and a stronger Canadian dollar. The railway...