Canadian National Railway
Canadian National Reports Q3 Drop in Earnings, Revenue
Canadian National Railway
For the second consecutive quarter, Canadian National Railway felt the impact of the COVID-19 pandemic when the Class I, Montreal-based railroad announced third-quarter earnings Oct. 20.
October 21, 2020CN Rail Downgrades Financial Outlook as Result of Strike
Canadian National Railway CEO JJ Ruest said the company is recovering well from the eight-day strike. But the railroad did downgrade its financial picture for the rest of the year. (Canadian National)
Canadian National Railway is making a quick recovery from the eight-day strike by 3,200 Teamsters Canada Rail Conference conductors and yard crews, according to the Montreal-based railroad.
December 3, 2019Strike Ends as CN Rail, Union Reach Tentative Deal
Canadian National Railway Co. containers are seen at the Intermodal Terminals in Brampton, Ontario, on Nov. 19, 2019. (Cole Burston/Bloomberg News)
Canadian National Railway and the Teamsters Canada Rail Conference announced Nov. 26 the sides reached a tentative agreement to end the strike by 3,200 CN Rail conductors and yard crews.
November 26, 20193,200 Union Workers With Canadian National Railway Go On Strike
Norm Betts/Bloomberg News
Canadian National Railway pleaded for a neutral arbitrator Nov. 21 to resolve a strike by thousands of its conductors, yard workers and other employees who walked off the job Nov. 19.
November 21, 2019CN Reports Strong Q3 Earnings, but Officials Say Rail Volume is Dropping
Canadian National Railway said its net income in the third quarter increased 5.3% from a year ago. (Canadian National Railway)
Canadian National Railway joined the growing list of Class 1 railroads to report strong third-quarter financial results, and at the same time drive down costs by improving efficiency by adopting the principle of precision scheduling railroading.
October 22, 2019CN Rail Open to Moving Alberta’s Oil-Shipping Deals to Drillers
Luke Sharrett/Bloomberg News
Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, CEO Jean-Jacques Ruest said.
May 9, 2019Canadian National Rail Pledges $80 Million for Minnesota Improvements
Brent Lewin/Bloomberg News
Canadian National Railway plans to invest more than $80 million in Minnesota this year — spending it, they said, would strengthen the company’s rail network across the state.
April 16, 2019Canadian National Railway Agrees to Buy TransX Group
John Sommers II for Transport Topics
Canadian National Railway has reached an agreement to buy the TransX Group of Cos. in Winnipeg, Manitoba, from founder and CEO Louie Tolaini.
October 30, 2018CN Rail Taps Interim Boss as CEO After Network Logjams Ease
Brent Lewin/Bloomberg News
Canadian National Railway Co. named Jean-Jacques Ruest as president and chief executive officer, four months after he took over as interim leader.
July 24, 2018Canadian National Railway Plans Purchase of 1,000 Grain Hopper Cars
Canadian National Railway Co.
Canadian National Railway Co. plans to acquire 1,000 new-generation high-cube grain hopper cars over the next two years to rejuvenate the aging equipment needed to serve increasing annual crop yields, according to the Montreal-based railroad.
June 8, 2018