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CN announces plan to buy back shares through private agreements
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CN announces plan to buy back shares through private agreements (CN issued the following on May 17, 2010.) MONTREAL CN announced today that it intends to purchase for cancellation up to three million of its common shares pursuant to private agreements between CN and an arm's-length third-party se...
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Feds chastise CN for undercounting rail crossing delays
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Feds chastise CN for undercounting rail crossing delays (The following report by Richard Wronski appeared on the Chicago Tribune website on April 28, 2010.) WASHINGTON, D.C. Federal regulators on Wednesday scoffed at Canadian National Railway's assertion that its locomotive-size undercoun...
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Canadian Pacific profit surges 74 percent
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Canadian Pacific profit surges 74 percent (The following story by Thomas L. Gallagher appeared on The Journal of Commerce website on April 28, 2010.) WASHINGTON, D.C. Canadian Pacific Railway boosted profit 74 percent in the first quarter as an improved economy sparked higher revenue and lower e...
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Ed Harris named CP Rail's new operations chief
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Ed Harris named CP Rail's new operations chief (The following appeared on the Financial Post website on April 27, 2010.) OTTAWA Canadian Pacific Railway Ltd. has appointed a new operations chief, giving the job to veteran CN Rail executive Ed Harris. Mr. Harris has been working continuously in the...
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CN cracks down on crossing infractions
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CN cracks down on crossing infractionsWINDSOR, Ont. Its the end of the line for people who trespass in rail yards or ignore warning lights at train crossings, the Star reports. CN police will be out in full force this week conducting a safety blitz across the companys rail network, and cracking down o...
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STB: CN understated track delays following EJ&E deal
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STB: CN understated track delays following EJ&E deal (The Associated Press circulated the following on April 21, 2010.) CHICAGO Canadian National Railway could be understating by a hundred-fold the delays its trains create on a Chicago-area rail line that's been a source of tension between...
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CN buys windows, doors to lessen noise
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CN buys windows, doors to lessen noiseMoney for noise mitigation that was part of Frankfort, Ill.'s, settlement with the Canadian National Railway will be used to buy insulated windows and doors for nearby residents, the Chicago Tribune reports. The village has received a $2.7 million grant for n...
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Sources: Crew inadvertently deactivated warning system before train crash
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Sources: Crew inadvertently deactivated warning system before train crash (The following story by Jon Hilkevitch and Kristen Schorsch appeared on the Chicago Tribune website on April 19, 2010.) CHICAGO A track crew inadvertently turned off the gates and warning lights at a rail crossing in Univ...
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CN, Chicago-area community coalition issue court briefs in EJ&E appeal
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CN, Chicago-area community coalition issue court briefs in EJ&E appeal (The following appeared on the Progressive Railroading website on April 13, 2010.) Last week, CN and The Regional Answer to Canadian National (TRAC) filed opening briefs with the U.S. Court of Appeals for the District of...
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Analyst downgrades shares of Canadian National
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Analyst downgrades shares of Canadian National (The Associated Press circulated the following on April 12, 2010.) NEW YORK A Stifel Nicolaus analyst lowered his rating on shares of Canadian National Railway Co. on Monday, saying the stock had gotten too expensive. Analyst John Larkin noted the s...
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CN wants to cut its contribution to Aurora overpass
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CN wants to cut its contribution to Aurora overpass (The following story by Jamie Sotonoff appeared on the Daily Herald website on April 9, 2010.) CHICAGO Canadian National Railway is trying to scale back its contribution to the most expensive of the 182 projects it's required to do as part of the 200...
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CP Rail names ex-CN official as its chief operations officer, VP
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CP Rail names ex-CN official as its chief operations officer, VP (The following story by Dina O'Meara appeared on the Calgary Herald website on April 7, 2010.) CALGARY Canadian Pacific Railway has named Edmond Harris chief operations officer and executive vice-president. Harris, who retired fr...
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CP derailment Golden, BC (slideshow) link
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http://www.bclocalnews.com/breaking_news/86279402.htmlCPR derailment near Golden, B.C. By Janet Crandall-Swaffield - Golden Star Published: March 03, 2010 3:00 PM Updated: March 10, 2010 6:25 AM Comments Two trains collided on the tracks just west of the Town of Golden at Anderson Crossi...
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CN sells section of Toronto track to government-owned Metrolinx for $168 million
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CN sells section of Toronto track to government-owned Metrolinx for $168 million (The Canadian Press circulated the following on April 1, 2010.) MONTREAL Canadian National Railway Co. says it has sold a "key section of track" in Toronto to Ontario government-owned Metrolinx for $168...
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Cluster of CN derailments near Toronto raises worries
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Cluster of CN derailments near Toronto raises worries (The following story by Tess Kalinowski, Carola Vyhnak and Richard J. Brennan appeared on the Toronto Star website on April 1, 2010.) TORONTO The CN train derailment outside the Pickering GO station Tuesday raises plenty of questions but answ...
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CN offers online tool to calculate carbon emissions, rate at same time
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CN offers online tool to calculate carbon emissions, rate at same time (CN issued the following on March 29, 2010.) MONTREAL In a rail industry first, CN customers can now calculate their carbon savings from switching shipments to rail from truck at the same time they secure a rate from the company's...
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'No going back on CN's buy of EJ&E'
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'No going back on CN's buy of EJ&E'Federal aid alone won't pay for meaningful highway projects these days, U.S. Transportation Secretary Ray LaHood said Monday during a visit to the suburbs, the Chicago Daily Herald reports. Instead, tolls and public-private partnerships in addition to gov...
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Wis. couple files suit against CP
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Wis. couple files suit against CPELM GROVE, Wis. -- A couple who was ticketed following a crash at a suburban Milwaukee train crossing both say it's the railroad's fault, according to radio station WTAQ. Monica Ensley-Partenfelder and Scott Partenfelder of West Allis have filed a civil suit again...
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CN says profit forecast on track
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CN says profit forecast on trackTORONTO -- Canadian National Railway Co is on track to meet the profit forecast it issued at the beginning of the year, but the stronger Canadian dollar is not helping, Reuters reported. Canada's biggest railway said in January that the worst of the effects of the econ...
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CN's Harrison: Couldn't he just take the train?
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CN's Harrison: Couldn't he just take the train?It appears Canadian National Railway Co.'s former chief executive, Hunter Harrison, didn't much like taking the train, the Toronto Globe and Mail reports. The railroad's proxy materials are out and they show that he ran up bills of nearly $1.5 millio...
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CN obtains resolution of labour issues with locomotive engineers in Canada
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CN obtains resolution of labour issues with locomotive engineers in Canada (CN issued the following on March 19, 2010.) MONTREAL CN announces that it received yesterday, and will begin implementing, Arbitrator Andrew Sims' arbitration ruling setting the terms and conditions of a new three-yea...
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Canadian dollar gains on our buck!
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Canada Dollar Touches Highest Since July 2008 on Risk Appetite By Allison Bennett and Chris Fournier March 17 (Bloomberg) -- Canadas dollar reached its strongest level in almost 20 months versus its U.S. counterpart after the Federal Reserve said it would keep interest rates near zero, spurring d...
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CN gets mixed results on Ill. report card
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CN gets mixed results on Ill. report cardThe Canadian National Railway has made a good start communicating with towns along the EJ&E railroad, but there's room for improvement, a federal audit concludes and the Chicago Daily Herald reports. And, it says, municipalities that have not yet stru...
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Head-on train crash near Alberta causes large blaze
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Head-on train crash near Alberta causes large blaze (The following story by Shawn Logan appeared on the Calgary Sun website on March 4, 2010.) CALGARY, Alberta Two trains slammed head-on just outside of Golden, B.C., Wednesday, sparking a large propane fire. Canadian Pacific Railway spokesman K...
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Canadian Pacific ethanol news
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Ethanol Plant News Global Partners plans ethanol facility expansion with CP Rail Global Partners LP will carry out a multi-million-dollar expansion and tank refurbishment project that will add 180,000 barrels of ethanol storage capacity and rail access at the its refined petroleum products te...
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