MONTREAL — Canadian National has ordered 75 locomotives for delivery this year and next in order to handle projected traffic growth. CN, which made the announcement on Monday during its quarterly earnings call, is the only Class I railroad to place a locomotive order this year. The railway’s board approved the order before CN made its […]
KANSAS CITY, Mo. — Kansas City Southern will begin discussions with Canadian National over its offer for the railroad after the KCS board of directors determined the CN bid could reasonably be expected to lead to a “company superior proposal,” as defined in its merger agreement with Canadian Pacific, KCS announced in a Saturday press […]
As Canadian Pacific and Canadian National continue their duel for control of Kansas City Southern, one topic keeps coming up: Why don’t the Canadian railways jointly acquire KCS and split it up? With so much bad blood between CP and CN it’s not a likely scenario, as their war of words has escalated this week. […]
MONTREAL – Canadian National today rebutted Canadian Pacific’s criticism of its dueling bid for Kansas City Southern, saying its higher offer is superior, will enhance competition, and clear regulatory hurdles. “Rather than acknowledge the clear and substantial superiority of CN’s proposal for KCS shareholders, CP has sought to distract investors and attack CN’s proposal with a […]
MONTREAL — Canadian National argues that its proposed combination with Kansas City Southern will offer shorter, faster, and more efficient routes than tying together the Canadian Pacific and KCS networks. And that less complicated route structure, CN contends, will enable a CN-KCS system to successfully gain north-south traffic that currently moves by truck between Mexico, the […]
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 […]
