October 30, 2019 | CN, Headlines, Teamsters Canada
(Source: Saskatoon Star Phoenix, October 29, 2019) SASKATOON, Sask. — Saskatchewan farmers are growing concerned about the possibility of a strike at one the Canadian National Railway in the middle of what is expected to be a busy month of grain shipments following a...
October 29, 2019 | CN, Headlines, Teamsters Canada
(Source: Teamsters Canada Rail Conference press release, October 28, 2019) OTTAWA — Members of the Teamsters Canada Rail Conference (TCRC) at Canadian National (CN) could go on strike as early as Tuesday, November 19 at 0001. Approximately 3000 conductors,...
October 25, 2019 | CN, CP, Headlines
(Source: Financial Post, October 25, 2019) OTTAWA — Canada’s two railroads expect to ship less freight than previously forecast this year, signaling a larger economic slowdown given the transportation industry’s status as an economic bellwether. Full story: Financial...
October 24, 2019 | CN, Headlines, Quarterly Income
(Source: Reuters, October 23, 2019) MONTREAL — Canadian National Railway Co. on Tuesday cut its adjusted profit forecast for the year and said it expects the first half of 2020 to be “challenging” as freight demand in North America takes a hit from a weakening...
October 23, 2019 | CN, Headlines, Quarterly Income
(Source: Freight Waves, October 22, 2019) CHATTANOOGA, Tenn. — Despite a lower operating ratio and higher revenue and net profits in the third quarter, Canadian National Railway said it plans to lower its guidance for 2019 amid sluggish rail volumes and a softer North...
October 23, 2019 | CN, Headlines, Quarterly Income
(Source: CN press release, October 22, 2019) MONTREAL — CN today reported its financial and operating results for the third quarter ended September 30, 2019. “CN delivered strong results, despite a softening economy,” said JJ Ruest, president and chief executive...
October 2, 2019 | CN, Headlines, Quarterly Income
(Source: CN press release, October 2, 2019) MONTREAL — CN will issue its third-quarter 2019 financial and operating results on Oct. 22, 2019, at 4.01 p.m. Eastern Daylight Time (EDT). CN’s senior officers will review the results and the railway’s outlook...
October 2, 2019 | CN, Headlines
(Source: Freight Waves, October 1, 2019) CHATTANOOGA, Tenn. — While extremely cold temperatures are usually a factor that Canadian National considers when drafting its operational plan for winters, in the 2019-2020 winter season the railway also had to grapple with...
September 27, 2019 | CN, CP, Headlines
(Source: Freight Waves, September 25, 2019) CHATTANOOGA, Tenn. — Canadian class I railroads were on hand to discuss the outlook for the industry in separate presentations at the CIBC 18th Annual Eastern Institutional Investor Conference held in Montreal. CIBC is a...
September 26, 2019 | CN, Headlines
(Source: Canadian Press, September 25, 2019) MONTREAL — A slumping global economy and the U.S.-China trade war are hurting freight volumes and revenue, says Canadian National Railway Co.’s chief financial officer. “Our volumes are much weaker than...
