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CN declares third-quarter 2011 dividend

(Source: CN press release, July 25, 2011) MONTREAL — CN announced today that its Board of Directors has approved a third-quarter 2011 dividend on the Company’s common shares outstanding. A quarterly dividend of thirty-two and one-half cents (C$0.325) per common...

CN to report and review second-quarter 2011 today

(Source: CN press release, July 22, 2011) MONTREAL — CN will issue its second-quarter 2011 financial and operating results on July 25, 2011, shortly after 4 p.m. Eastern Time (ET). CN’s senior officers will review the results and the railway’s outlook that...

CN invests in more extended sidings in Northern Ontario

(Source: CN press release, July 19, 2011) TORONTO — CN announced today plans to construct two more extended sidings on its Northern Ontario main line this year, bringing its investments in seven long sidings in this corridor to more than C$30 million. Two additional...

CN to sell Louisiana coal terminal for $73 million

(The following appeared on The Journal of Commerce website on June 16, 2011.) WASHINGTON, D.C. — Canadian National Railway will sell “substantially all of the assets” of Illinois Central RailMarine Terminal near New Orleans to Raven Energy. CN expects the $73 million...

For investors, Canadian National beats Canadian Pacific

(Bloomberg News circualted the following on June 15, 2011.) NEW YORK — Canada’s two biggest railways are under pressure from government and customers to reduce delays, with investors profiting from Canadian National Railway Co.’s performance and losing on Canadian...