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CN trims earnings outlook despite 1Q 2016 profit

(Source: Canadian Press, April 25, 2016) MONTREAL — Canadian National Railway reported much higher than expected net profit in the first quarter but said lower commodity shipments weighed on revenue and have prompted a downward revision to the company’s 2016...

CN warns Ottawa, no new or extended regulations on railways

(Source: Canadian Press, April 26, 2016) MONTREAL — Canadian National Railway is calling on Ottawa to refrain from imposing or extending service regulations on the country’s railways that it fears will stifle innovation and discourage investment. Chief executive...

CN reports 1Q 2016 net income of C$792 million

(Source: CN press release, April 25, 2016) MONTREAL — CN reported its financial and operating results for the first quarter ended March 31, 2016. First-quarter 2016 financial highlights • Net income increased 13 per cent to C$792 million, while diluted EPS increased...

Canada plans to extend grain-by-rail rules for CN, CP

(Source: Bloomberg, April 22, 2016) NEW YORK — Canada’s new government intends to extend for another year rules that force the country’s two major railway companies — Canadian National Railway Co. and Canadian Pacific Railway Ltd. — to move grain. Full...

CN temporarily taking over rail switching at refinery

(Source: Leader Post, March 7, 2016) REGINA, Sask. — In the wake of a strange incident in which a railcar escaped from its handlers and wandered across Regina one night last week, CN is temporarily taking over railcar operations at the Co-op Refinery Complex. Full...

CN rail car full of asphalt rolls away from Regina refinery

(Source: CBC News, March 4, 2016) REGINA, Sask. — A railcar full of asphalt rolled away from the Co-op oil refinery complex in Regina and crossed seven streets before coming to a stop, according to Transportation Safety Board officials, who are investigating the...