MONTREAL — Canadian National announced that Jean-Jacques Ruest will retire as president and CEO and as a member of the board of directors, effective as of the end of January 2022, or such later time as a successor has been appointed. “On behalf of the Board, I would like to thank JJ for his dedicated […]
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 21, 2021. HO scale locomotives General Electric Dash 9-44CW diesel locomotive. […]
Grade crossings you can model are scene enhancers that you should consider adding to your list of projects. “Why a grade crossing?” you may ask. “I’d rather work on a locomotive, freight car, structure, or [fill in the blank with your favorite aspect of the hobby.]” I get it. Grade crossings you can model introduction […]
GATINEAU, Quebec — No evidence links railway operations to the fire that destroyed the town of Lytton, British Columbia, in June, the Transportation Safety Board of Canada said in a Thursday news release. This means the TSB’s role in the investigation is complete “unless new information establishes that a TSB reportable event occurred.” The fire […]
KANSAS CITY, Mo. — Sameh Fahmy, Kansas City Southern’s executive vice president, precision scheduled railroading, will leave KCS by year’s end, the railroad has announced. Fahmy joined KCS in January 2019. Since then, the railroad says it has increased train velocity by 37%, decreasing freight car dwell by 18%, enacted double-digit reductions in equipment, and […]
WASHINGTON – Canadian National and Watco have urged the Surface Transportation Board to lift the hold it placed on the transfer of nearly 500 miles of former Wisconsin Central branch lines. Watco, in a filing on Tuesday, told the board that it has been preparing to launch service on the routes in Wisconsin and the neighboring […]
Traffic on the big six Class I railroads was a mixed bag in the third quarter, as three systems saw gains versus a year ago and three experienced volume declines. For the third quarter, which ended Sept. 30, total volume on the big six systems was up an average of 0.5%, according to a Trains […]
ALAMOSA, Colorado — Iowa Pacific Railroad equipment rolled out of Alamosa in the San Luis Valley bound for days of fun, music, and beer in the Colorado mountains until just a few years ago. The Illinois Central colors of Iowa Pacific Holdings and the trains of the San Luis & Rio Grande added to the […]
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 […]
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 […]
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 […]
MONTREAL – Canadian National has fired back at activist investor TCI Fund Management, which has called for a management shakeup at the railway. CN today said TCI has made numerous “false or misleading” claims about CN’s financial performance and the risks related to the railway’s failed pursuit of Kansas City Southern. CN says TCI has not […]
