April 3, 2024 | CN, CPKC, Headlines, Teamsters Canada
(Source: Trains.com, April 2, 2024) The union representing Canadian National and Canadian Pacific Kansas City engineers and conductors in Canada has authorized a strike vote as labor and management remain far apart on new contracts. Leaders of the Teamsters Canada...
February 22, 2024 | Canada, CN, CPKC, Headlines, Teamsters Canada
(Source: Canadian Press, February 19, 2024) The union representing more than 9,000 workers at Canada’s two biggest railways says public safety is at stake as contract negotiations ground to a halt this month, with a potential strike on the horizon. Teamsters...
January 25, 2024 | CN, Headlines, Quarterly Income
(Source: Progressive Railroading, January 23, 2024) CN yesterday reported financial and operating results for fourth-quarter 2023. The Class I posted Q4 revenue of C$4.5 billion, down 2%; net income of C$2.1 billion, up 50%; and C$3.29 diluted earnings per share...
January 12, 2024 | BNSF, CN, CPKC, CSX, Headlines, NS, UP
(Source: Trains.com, January 10, 2024) The theme may not be new, but the emphasis seems to be increasing. The idea that railroads need to work together — and that doing so can be beneficial to all parties, not just the railroads involved, but their customers as well —...
December 21, 2023 | CN, CSX, Headlines, NS, PSR, Railroad Security, UP
(Source: Pro Publica, December 15, 2023) When questioned by federal officials or faced with an accident, the nation’s powerful freight railroad companies say they are among the safest employers in America and tout their injury records to prove it. But those statistics...
October 27, 2023 | CN, CPKC, Headlines, Ports
(Source: Trains.com, October 26, 2023) For more than a decade, British Columbia ports have won market share from U.S. West Coast ports for containers bound to Chicago and the Midwest — but that long-term trend has reversed in a matter of months due to the two-week...
October 26, 2023 | CN, Headlines, Quarterly Income
(Source: Progressive Railroading, October 25, 2023) CN yesterday reported third-quarter 2023 revenue of CA$4 billion, down 12%, and net income of CA$1.1 billion, down 24%, compared with the same period a year ago. Operating income declined 21% to CA$1.5 billion...
October 26, 2023 | CN, Headlines, Quarterly Income
(Source: Freight Waves, October 24, 2023) The Class I railroads are striving to collaborate more proactively and create a product that can be competitive against the truck markets, CN executives said during the Canadian railway’s earnings call Tuesday to discuss...
August 25, 2023 | Canada, CN, Headlines, Teamsters Canada
(Source: CTV News, August 23, 2023) The Teamsters Canada Rail Conference, which is the union that represents 5,500 Canadian National railway employees, alleges CN has been monitoring the whereabouts of a train operator outside of work hours through a company-issued...
June 12, 2023 | Canada, CN, CPKC, Headlines, Legislation
(Source: Canadian Press, June 11, 2023) Set to come into effect with Ottawa’s federal budget bill, an obscure law has Canada’s two main railways fighting back over concerns about expenses and congestion, with the drama playing out in social media posts and...
