Canadian National Railway plans to invest C$2.7 billion in 2015 for rail infrastructure maintenance improvements, as well as in new capacity, equipment and technology to raise network safety and efficiency, improve service and support future growth, the company announced on May 5, 2015.
Canadian National on Wednesday, March 11, 2015 noted that “[s]even months into the current 2014-15 crop year, CN continues its record-setting pace of Western Canadian grain shipments.“
Canadian National and Unifor have negotiated a tentative labor agreement with the Unifor union. As a result, CN has withdrawn its lockout notice to Unifor, which would have come effective at 11p.m. local time tonight in the absence of a settlement.
Canadian National late Tuesday, Jan. 27, 2015 reported fourth-quarter net income of C$844 million (US$678 million), or C$1.03 (about 83 U.S. cents) in diluted earnings per share, compared with C$635 million (US$510 million), or 76 Canadian cents (61 U.S. cents) per diluted share, in the fourth quarter of 2013.
A bid for CSX does not suggest that all of CP’s growth potential lies eastward.
Canadian National on Friday, Sept. 19, 2014 recognized 11 of its intermodal customers “for their sustainability practices that are aligned with the objectives of the CN EcoConnexions program.”
Amtrak on Tuesday, Sept. 2, 2014, made clear in part its frustration over its own on-time performance by calling on the Surface Transportation Board to look into the matter, specifically as it concerns Canadian National Railway.
Work to reposition rail right-of-way near Gary/Chicago International Airport, Ind., to allow for a runway extension, could begin in October, airport officials said Monday, Aug. 25, 2014.
Rebounding from a first quarter hampered by what its CEO called the “winter of a lifetime,” CN late Monday, July 21, 2014 reported second-quarter net income of C$847 million (US$789 million), up 18% from C$717 million in the second quarter of 2013.
