canadian national

Business

Layoffs Loom as Canadian Rail Strike Hits Chemicals, Farmers

Canadian National Canadian National Railway Co. employees picket during a strike in front of the Intermodal Terminals in Brampton, Ontario. (Cole Burston/Bloomberg News)

Workers are receiving layoff notices and chemical companies face shutdowns as the effects of Canada’s largest rail strike in a decade ripples through the economy.

Sandrine Rastello | Bloomberg News
November 25, 2019
Business

CN Rail Strike Begins, Threatening Canada Oil, Grain Shipments

Canadian National trains Canadian National Railway Co.

About 3,200 workers at Canadian National Railway Co. went on strike Nov. 19, threatening to crimp shipments of oil, potash and grain across the country.

Thomas Black | Bloomberg News
November 19, 2019
Business

Canadian National Reports Record Revenue, Strong 3Q Results

Candian National Canadian National Railway

Canadian National Railway on Oct. 23 reported a third-quarter record for revenue, posting a 14% increase to C$3.68 billion.

October 24, 2018
Business, Logistics

Canadian National Railway Chief Sees Capital Spending on ‘High Side’ Again in 2019

Norm Betts/Bloomberg News

Canadian National Railway Co. will likely top C$3 billion ($2.3 billion) in capital spending for the second straight year in 2019 as it aims to speed up trains and capture rising demand for freight such as grain and crude oil, its top executive said.

Frederic Tomesco | Bloomberg News
May 29, 2018
Business, Logistics

CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp

Denis Giles/Flickr

Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.

April 24, 2018
Business, Logistics

Canadian National Railway Interim CEO Speeds Spending in Rush to Ease Congestion

Nile Livesey/Flickr

Canadian National Railway Co.’s new boss is moving quickly to overcome service shortcomings that have curtailed profit and angered customers.

Frederic Tomesco | Bloomberg News
April 23, 2018
Business, Logistics

CN Rail’s New CEO Apologizes to Customers, Vows Better Service

Nile Livesey/Flickr

Canadian National Railway Co.’s new leader apologized to customers and vowed to clear backlogs and speed up service immediately by deploying additional resources.

Frederic Tomesco | Bloomberg News
March 7, 2018
Business, Logistics

CN Rail CEO Steps Down After Less Than Two Years

Eric Pancer/Flickr

Overwhelmed by a surge in freight, Canadian National Railway Co. said its CEO is stepping down after less than two years, vowing to replace Luc Jobin with a leader who can deliver “speed and determination.”

Frederic Tomesco | Bloomberg News
March 5, 2018

Canada Hikes Ownership Limit for Bill Gates-Backed CN Rail

Brent Lewin/Bloomberg News

The Canadian government is lifting ownership restrictions for Canadian National Railway Co. and major airlines such as Air Canada, among a series of steps to expand competition in the country’s transport sector.

May 17, 2017
Business

Canadian National Struggling to Remain North America's Most-Efficient Railroad

Eric Pancer/Flickr

Canadian National Railway Co. is running into challenges in maintaining its status as North America’s most efficient railroad.

Frederic Tomesco | Bloomberg News
April 26, 2017

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