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CN’s first-quarter 2005 net income rises 42 percent

(Canadian National issued the following news release on April 20.) MONTREAL — CN today reported its financial results for the first quarter ended March 31, 2005. Highlights – Net income of $299 million, or $1.04 per diluted share, an increase of 42 per...

CN CFO named best in Canada

(The following report appeared on the Globe and Mail website on April 13.) TORONTO — Claude Mongeau, Canadian National Railway Co.’s chief financial officer and executive vice-president, has been named Canada’s CFO of the Year for 2005. An...

BLET, CN ink labor deal

(Reuters circulated the following article on April 12.) VANCOUVER, British Columbia — Canadian National Railway Co. and its unionized locomotive engineers on CN’s Illinois Central rail property have reached a tentative contract, officials said on Tuesday....

Carload prices now available on CN website

(CN issued the following news release on April 11.) MONTREAL — CN announced today that its customers can now obtain instantaneous carload prices 24 hours a day, seven days a week from the railway’s website, www.cn.ca. James Foote, CN’s executive...

CN orders 75 locomotives from GE

(The Canadian Press circulated the following article on April 6.) MONTREAL — Canadian National Railway Co. says it has placed orders for 75 high-horsepower locomotives from two builders, with options to buy 75 more. Financial details were not disclosed. The...

CN blames derailment on switch tampering

(The Canadian Press circulated the following article on April 6.) JUNIPER, N.B. — It appears that switch tampering by one or more youths may have caused a train derailment in western New Brunswick, says a CN spokesman. RCMP are investigating after two flatbed...

Forest firms get boost from CN

(The following story by Scott Simpson of the Vancouver Sun appeared at Canada.com on March 29.) VANCOUVER — British Columbia’s booming forest industry got a further boost on Monday with an announcement by Canadian National Railway that it has reached the...

CN refinances $1-billion US revolving credit facility

(The Canadian Press circulated the following story on March 29.) MONTREAL — Canadian National Railway has successfully refinanced its $1-billion US revolving credit facility for a five-year period, the company announced Tuesday. CN Rail said the revised credit...

NS, CN plan could help La. chemical shippers

(The following report appeared on The Advocate website on March 29.) BATON ROUGE, La. — Louisiana’s chemical industry stands to benefit from two railroads’ decision to provide a more direct route for traffic between the Gulf Coast and the Northeast,...