Reading Time: < 1 minute Canadian National Railway (CN) says it’s almost set to resume some service to Vancouver, starting early Wednesday. Montreal-based CN said in an emailed statement Tuesday that repair work on damaged sections of its track from Kamloops to Vancouver “progressed well over the weekend” and the line will reopen to “limited traffic” tomorrow “barring any unforeseen […] Read more
CN to reopen to Vancouver Wednesday
Prince Rupert also available, CN reminds shippers
CN starts calling back laid-off employees
"Network recovery... will take several weeks"
Reading Time: < 1 minute Montreal | Reuters — Canadian National Railway has started calling back many of the 450 workers it laid off earlier this month in Eastern Canada, when blockades crippled operations on strategic rail lines, according to a company email sent to customers Friday. Earlier this week, police made 10 arrests and cleared a blockade in eastern […] Read more
CN conductors approve post-strike deal
Reading Time: 2 minutes Canadian National Railway’s conductors and yard workers have voted for at least another two and a half years of labour peace with the company. The affected employees, members of the Teamsters Canada Rail Conference, voted 91.3 per cent to ratify a three-year contract with CN, retroactive to last July 23, the union said in a […] Read more
CN reports grain movement back at pre-strike pace
Reading Time: 2 minutes Canadian National Railway’s grain shipping is back to its pre-strike pace, the railway says. “By the second week of December (week 19), CN returned to shipping at peak levels, as well as taking on all customer hopper demand for the second and third weeks of December,” Montreal-based CN said in a release Thursday. “Despite a […] Read more
CN strike to weigh on railway’s 2019 profit
Reading Time: < 1 minute Reuters — Canadian National Railway on Tuesday cut its adjusted profit growth target for 2019, citing shipment delays from the country’s largest rail strike in a decade that ended last week. Shares in CN, which counts billionaire Bill Gates’ investment firm as its biggest shareholder, fell almost two per cent in morning trading in both […] Read more
CN, Teamsters reach deal to end strike
Reading Time: < 1 minute Montreal | Reuters — Teamsters Canada and Canadian National Railway on Tuesday said they reached a tentative deal to end a strike at the country’s largest railroad that had entered its eighth day, disrupting supply chains across the country. “We have a deal,” a CN spokesman said. The union said normal operations will resume on […] Read more
CN’s grain handle up in record quarter
Reading Time: < 1 minute Traffic in Canadian National Railway’s grain and fertilizers segment rose eight per cent in its latest quarter, helping the company to record quarterly revenue. Montreal-based CN on Oct. 23 reported net income of $1.134 billion on $3.688 billion in revenues for its quarter ending Sept. 30, up from $958 million on $3.221 billion in its […] Read more
Grain handle drops in CN’s first quarter
Reading Time: 2 minutes Reduced traffic in grain, fertilizers and petroleum, against increased costs from “challenging operating conditions,” ate into the first-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Monday booked net income of $741 million on total revenues of $3.194 billion for its quarter ending March 31, down from $884 million on $3.206 billion in […] Read more
CN CEO Luc Jobin steps down abruptly
Reading Time: 2 minutes Reuters — Canadian National Railway (CN) CEO Luc Jobin stepped down abruptly on Monday, as the board looks to “energize” the railroad’s leadership amid a major supply crunch that has hurt profits and angered customers. “The board believes the company needs a leader who will energize the team, realize CN’s corporate vision and take the […] Read more
CN’s Q4 grain handle down in ‘challenging conditions’
Reading Time: 2 minutes U.S. income tax reform more than offset “challenging” conditions, including reduced grain handle, in Canadian National Railway’s fourth fiscal quarter. Montreal-based CN on Tuesday reported net income of $2.611 billion on total revenues of $3.285 billion for its fourth quarter ending Dec. 31, up from $1.018 billion on $3.217 billion in the year-earlier Q4. The […] Read more
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