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UP stock surges most since 2009 on news of hiring new COO

(Source: Bloomberg, January 8, 2019) NEW YORK — Union Pacific Corp. surged the most since 2009 after hiring a protege of railroading legend Hunter Harrison to guide the company’s shift to a new efficiency strategy. Shares rose 9.4 percent to $151.67 at 10:25 a.m. in...

CN lining up partners to make oilsands bitumen pucks

(Source: Canadian Press, December 27, 2018) CALGARY — Canadian National Railway Co. says it is planning to build a pilot plant worth up to $50 million next year to create pucks made of oilsands bitumen to transport by rail and ships to customers around the world. Full...

CN, Unifor reach tentative agreement for 2,100 workers

(Source: Canadian National Railway press release, December 14, 2018) MONTREAL — CN announced today that a new tentative collective agreement has been reached between Unifor Local 100 and CN. Unifor represents approximately 2,100 locomotive and freight-car mechanics,...

CN employee killed in Edmundston accident identified

(Source: CBC News, December 5, 2018) OTTAWA — The 33-year-old CN employee who died in a workplace accident at an Edmundston rail yard Tuesday has been identified as Pierre-Luc “Sune” Levesque. According to the Transportation Safety Board of Canada, the...