Let the bidding war begin. Canadian National today topped rival Canadian Pacific’s $29 billion offer for Kansas City Southern in what one analyst called “an aggressive move.” CN’s $33.7 billion offer is a 21% premium to the deal CP reached with KCS last month. CN is offering KCS investors $325 per share, including $200 per […]
The layout at a glance Name: Canadian National Ashcroft Subdivision Scale: N (1:160) Size: 7 x 10 feet Prototype: Canadian National Locale: British Columbia Era: modern Style: around the walls Mainline run: 28 feet Minimum radius: 15” See a PDF version of this track plan by clicking here. […]
MONTREAL — Canadian National will undertake new Environmental, Social, and Governance initiatives including a commitment to diversity on its board of directors, limits on the age and tenure of board members and other restrictions, and creation of an Indigenous Advisory Council. “Over the 25 years since privatization, the company has strived to reflect best practices […]
OTTAWA – Canadian environmental officials have given Canadian National a green light for the $250 million intermodal terminal it aims to build outside of Toronto. The minister of environment and climate change last week announced the government’s decision to approve the Milton Logistics Hub, subject to 325 environmental conditions that would make it the most […]
SAN DIEGO — TuSimple, one of the companies aiming to develop self-driving trucks, has added Canadian National CEO JJ Ruest to its newly created executive advisory board. The announcement, which the San Diego-based company made this week, comes after CN was among the investors in a $350 million round of funding for the trucking startup. […]
CHICAGO – The Chicago interchange dispute between Canadian National and Canadian Pacific is heading to a new venue: Federal court. CN, through its Wisconsin Central subsidiary, is seeking to have the U.S. Seventh Circuit Court of Appeals set aside a Surface Transportation Board declaratory order. The STB’s order, issued in October, said that CN could […]
Canadian National and Canadian Pacific, which are under investor pressure to reduce their greenhouse gas emissions, are exploring the use of alternatives to the diesel-electric locomotive. The Canadian Class I railroads have been working with the Railway Association of Canada and Transport Canada on a range of ways to reduce emissions, including electrification and using […]
WASHINGTON — With the Canadian National’s acquisition of CSX Transportation’s line linking Syracuse, N.Y., with Montreal stuck in regulatory limbo, the railroads have extended a self-imposed deadline for the deal to close. The railroads on Monday told the U.S. Surface Transportation Board that they were extending a Nov. 30 “drop dead date” to Feb. 28, […]
MONTREAL — Canadian National on Wednesday will unveil two locomotives clad in a special paint scheme saluting veterans in Canada and the United States. November 11, which falls on the day the armistice was signed to end World War I in 1918, is Veterans Day in the U.S. and Remembrance Day in Canada. “CN’s two […]
MONTREAL — Canadian National is recalling furloughed train crews and pulling locomotives and freight cars out of storage as traffic rebounds. “We are pivoting to recovery,” Chief Financial Officer Ghislain Houle told a webcast on Wednesday, noting strong growth trends in domestic intermodal, Canadian grain, and Canadian coal traffic. Overall, CN’s July traffic was 5% […]
MONTREAL – Canadian National’s fourth quarter earnings declined sharply due to the impact of a nine-day conductor strike in Canada and weakening freight demand, the railway reported on Tuesday. The railway’s quarterly operating income declined 16%, to $1.2 billion, as revenue dipped 6%, to $3.6 billion. Earnings per share, adjusted for the impact of one-time […]
Athearn HO scale CN GP9 diesel Our review sample included a SoundTraxx Tsunami2 decoder mounted above the Athearn Genesis mechanism. The model also features all-wheel drive and pickup. Both of our CN review samples feature roadname- and roadnumber-specfic details and accurate paint schemes. Superdetailed Electro-Motive GP9 diesel locomotives return to the Athearn Genesis series in […]
