LONDON — TCI Fund Management today released its plan to improve Canadian National’s operational and financial performance, saying that replacing CEO JJ Ruest with former CN Chief Operating Officer Jim Vena would usher in a new era of growth and profitability. But TCI’s plan, included with the launch of a website called cnbackontrack.com, sets no […]
Section: News
Meet the Modeler: Thomas Klimoski
What was your first train set (or locomotive)? In the late in 1960s my dad worked for an auto parts store. Champion Spark Plug had a sales promotion that if you sold a certain number of spark plugs, you would receive a Lionel train set. Apparently my dad was a great salesmen, as he sold […]
TCA York Train Meet returns
Ready for a long-awaited return to Toy Train Mecca – otherwise known as the Eastern Division TCA York Train Meet in York, PA? Even if you can’t make it to the York Fairgrounds for the October 21-23, 2021, O and S gauge event, you’ll appreciate a glimpse at the fun enjoyed by Kent and Carl […]
News & products for the week of October 14, 2021
Large scale locomotives Austrian Federal Rys. Taurus Railjet locomotive. Digital Command Control sound decoder; molded and separate, factory-applied parts, including lights, windshield wipers, handrails, horn, vents, fans, bumpers, and exhaust stack; hook-and-loop couplers; and can-type ball-bearing motor. $779.99. November 2021. PIKO America, 619-280-2800, piko-america.com Large scale passenger equipment Austrian Federal Rys. Railjet first-class coach. Plastic wheelsets, molded […]
Model railroad locomotive, freight car, passenger car, structure, detail, and weathering supply announcements for October 14, 2021
Product news Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. Here are the products Model Railroader editors have news on for the week of October 14, 2021. HO scale locomotives Electro-Motive Division GP38-2 diesel locomotive. CSX […]
Activist investor TCI Fund says it’s acting in the best interest of all CN shareholders
LONDON – The war of words continues between Canadian National and TCI Fund Management, its second-largest investor. TCI, which seeks to oust CN CEO JJ Ruest and has nominated four directors to serve on CN’s board, today disputed claims that CN made on Monday. CN yesterday set March 22 as the date it will hold […]
Nickel Plate 765 returns to the rails for a special reunion
NEW HAVEN, Ind. — Famed excursion star Nickel Plate Road No. 765 had a busy fall in 2021 with a visit to the Cuyahoga Valley Scenic Railroad and a special trip to reunite with sister NKP Berkshire No. 757 in Bellevue, Ohio. Now the 765 organization looks forward to its 50th anniversary in 2022. After […]
Analysis: Microchip shortage likely to drag down automotive shipments by rail
CHARLESTON, W.Va. – Consumers want to purchase new vehicles, and railroads are eager to transport them, but a persistent microchip shortage riddled with pandemic-related setbacks is likely to mean fewer auto sales and subsequently, fewer autorack loads from U.S. auto plants for the balance of 2021. Year-to-date, U.S. railroads have transported more than 490,870 carloads […]
CP shares image of new hydrogen-powered locomotive
CALGARY, Alberta – Canadian Pacific has shared an image of its forthcoming hydrogen-powered locomotive. It shows an EMD cowl-style locomotive in a green, blue, white, and gray paint scheme. According to the railroad’s sustainability website, the locomotive, known as “H2 0EL” for Hydrogen – Zero Emissions Locomotive, will be prepped for its official painting and […]
News & products for the week of October 7, 2021
Large scale passenger equipment Deutsche Bundesbahn two-axle third-class coach. Separate, factory-applied ladder, handrails, and underbody piping; hook-and-loop couplers; and plastic wheelsets. $164.99. November 2021. PIKO America, 619-280-2800, piko-america.com Deutsche Reichsbahn two-axle luggage wagon. Separate, factory-applied ladder, handrails, and underbody piping; hook-and-loop couplers; and plastic wheelsets. $264.99. November 2021. PIKO America, 619-280-2800, piko-america.com […]
Model railroad locomotive, freight car, structure, weathering supplies, and magazine announcements for October 7, 2021
Product news Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. Here are the products Model Railroader editors have news on for the week of October 7, 2021. HO scale locomotives Electro-Motive Division GP7 diesel locomotive. Great […]
CN sets March 2022 date for shareholder meeting requested by activist investor
MONTREAL – Canadian National has set March 22 as the date when shareholders will vote on activist investor TCI Fund Management’s proposal to oust CEO JJ Ruest and four members of the railway’s board. TCI, which argues that CN has underperformed financially and operationally in recent years, has agreed to the date of the special shareholder […]