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WASHINGTON — Canadian National says its proposed acquisition of CSX Transportation’s line linking Montreal with Syracuse, N.Y., will improve service for cross-border traffic. CN, last week, sought U.S. Surface Transportation Board approval of the transaction involving the sale of 236.3 miles of track in New York state. CN also proposed a schedule for review of […]
A Canadian National train with Illinois Central-painted locomotives departs Chicago’s Markham Yard in 2017. TEH-17089-16 Jacob Metzger Q: When I was in the second grade, we took a field trip to what was then the largest freight yard in the country. That was over 50 years ago, when I lived in a Chicago suburb. I […]
MONTREAL — Canadian National and Canadian Pacific see signs that the economy is slowing but are sticking to their financial targets for this year as their traffic growth moderates. Canadian rail traffic has been much stronger than U.S. volume this year, but growth is weakening and crude oil traffic, while up, did not materialize as […]
Claude Mongeau NS NORFOLK, Va. – Claude Mongeau has been elected a director of Norfolk Southern Corp., effective Sept. 23, Chairman, President and CEO James A. Squires announced today. Mongeau, 57, is former president and chief executive officer of Canadian National Railway Company, holding those positions from 2010 to 2016. He has been appointed to […]
LONG BEACH, Calif. — The impact of scheduled railroading on Canadian National’s intermodal network 15 years ago may show the path CSX Transportation, Kansas City Southern, Norfolk Southern, and Union Pacific will follow as they embrace the operating model of the late E. Hunter Harrison. CN slashed low-margin services, shut terminals, and shed volume while […]
Jim Foote, CSX Corp. CEO CSX Transportation DANA POINT, Calif. — CSX Transportation CEO Jim Foote says the sale of the railroad’s Massena Line to Canadian National will generate more traffic growth than if the route linking Syracuse, N.Y., and Montreal were sold to a short line operator. The deal, which was announced last month, […]
MONTREAL — Canadian National has announced ongoing intermodal relationships with two ocean carriers, Evergreen Line and COSCO Shipping. CN and Evergreen’s new intermodal agreement extends a 27-year relationship between the companies and includes Evergreen’s usage of such CN-served ports as Vancouver, Prince Rupert, British Columbia, and Halifax, Nova Scotia. COSCO has chosen CN as its […]
BOSTON — Canadian National’s traffic is growing more slowly than expected, and with volumes flat in the third quarter it will be difficult to reach its projected mid single-digit percentage increase in revenue ton miles this year, Chief Financial Officer Ghislain Houle says. “The volumes are much weaker than what we expected,” Houle told an […]
CSX train B778 works on the Massena Line in Adam’s Center, N.Y., near Watertown, earlier this month. The S on the milepost in the foreground refers to miles to Syracuse, N.Y. CSX is selling the Massena line, connecting Syracuse and Montreal, to CN in a deal announced Thursday. Michael S. Murray MONTREAL – Canadian National will […]
WASHINGTON — Canadian National and Canadian Pacific have reached an interim agreement that settles their Chicago interchange dispute while the railroads await a formal Surface Transportation Board decision on the matter. CP informed the board of the interim agreement in a filing last week. Under the terms of the deal, CN will deliver CP-bound interchange […]
Passengers line up to board southbound City of New Orleans coaches at Jackson, Miss., on Dec. 8, 2018. The train has not operated south of Jackson regularly since last winter. NEW ORLEANS — Amtrak announced a “buy one, get one” fare deal this week after the City of New Orleans again started serving its namesake […]
SEATTLE — Bill Gates: Software mogul or railroad tycoon? Gates is best known for being the co-founder of Microsoft, a founding father of the personal-computing era, his current career as a philanthropist, and his status as one of the richest people on the planet. He’s also an investor in railroad stocks. Cascade Investment LLC, the […]
