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 […]
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, […]
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 […]
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 […]
WASHINGTON — Canadian National will lease trackage in Mobile, Ala., to a new short line, Alabama Export Railroad, according to an Aug. 12 regulatory filing. The Alabama Export Railroad will operate 12.1 miles of former Illinois Central trackage in downtown Mobile and serve eight customers on the line. Alabama Export plans to work closely with […]
Local opposition is mounting to a $250 million intermodal terminal Canadian National aims to build outside Toronto to handle a rising tide of consumer goods imported from Asia. The terminal, planned for Milton, Ontario, just west of Toronto, received a frosty reception this week at the first of several government hearings that are part of […]
A Canadian National inspection portal. Canadian National TORONTO — Canadian National is moving from proof-of-concept to full-scale deployment of several technology projects that aim to make the railway more reliable, safe, and efficient. “We’re done with the trying. We’re now deploying,” CEO J.J. Ruest told shareholders and analysts at the railroad’s investor day on Tuesday. […]
TORONTO — Canadian National outlined its plans to remain the railroad industry’s growth leader during an investor conference today. CN pioneered scheduled railroading 15 years ago, CEO J.J. Ruest noted, and has led the big systems in growth for more than a decade. “How do we evolve the model that we have that’s produced such […]
Jean-Jacques Ruest, Canadian National CEO Canadian National NEW YORK — Canadian National’s strategy to rely on the American consumer to help fill up its railroad east of Chicago just got bigger. CN has been aiming to turn the Port of Halifax, Nova Scotia, into the Port of Prince Rupert of the East, an uncongested gateway […]
QUEBEC CITY, Quebec — Canadian National is joining Hutchison Ports in a long-term deal with the Quebec Port Authority for a new container terminal in the eastern Canadian city. Maritime Executive reports that the $775 million project is expected to be funded by the partners with an emphasis on environmental stewardship. Once built, the complex […]
New Canadian National Chief Operating Officer Rob Reilly speaks at his alma mater, Washburn University, in 2017. Reilly was a starting guard on Washburn’s 1987 NAIA men’s basketball national championship team. Washburn University CN Chief Operating Officer Mike Cory will retire at the end of June after 38 years with the railway. Canadian National MONTREAL […]
