Anyone with doubts of the U.S. Class I railroad industry’s pricing power and improved efficiency, should look at the major carriers’ first quarter financials.
Canadian National Railway
30 Apr 2013
Canadian Pacific and Canadian National have been monitoring Saskatchewan, preparing to defend its infrastructure against flood waters as snow melts, Saskatchewan News reports.
22 Apr 2013
Canadian National today reported net income in the first quarter of 2013 was C$555 million (about US$540.8 million), falling 28 percent from $755.2 million in the first quarter of 2012.
03 Apr 2013
Canadian National Railway’s Dan Bresolin, director of international marketing, on the TPM sponsor’s strategic investment in new markets including research into needs of its “customer’s customer,” Reefer service and expansion in Detroit are discussed, as well as CN’s corporate shift in focus from exclusively rail-related to the complete supply chain.
13 Mar 2013
Canadian National has appointed three vice presidents as part of the company’s executive changes, according to Jim Vena, executive vice president and chief operating officer of the Class I railroad.
07 Mar 2013
The Prince Rupert Port Authority is preparing for the construction launch of the Ridley Island Road, Rail Utility Corridor in British Columbia, CFTK-TV reports.
04 Mar 2013
Beginning this month, Canadian National will boost shipments of heavy northern Alberta crude oil through LBC Tank Terminals’ expanded facility at Sunshine, in the Gesimar, La., industrial complex.
19 Feb 2013
Canadian National has appointed Jim Vena as executive vice president and chief operating officer, according to Claude Mongeau, CN’s president and CEO.
13 Feb 2013
Canadian National Railway has suspended the feasibility study for the construction of its proposed rail line and terminal handling facility to serve the Quebec/Labrador iron ore range.
07 Feb 2013
Members of the International Brotherhood of Electrical Workers System Council 11 at Canadian National Railway have ratified a four-year labor collective agreement that provides improvements in wages and benefits for CN signal and communications employees.
06 Feb 2013
Behind the headlines trumpeting the major North American railroads' robust profits, there are plenty of moving parts.
05 Feb 2013
Canadian National Railway today announced a 2013 plan to invest about C$1.9 billion (about US$1.9 billion) to upgrade and maintain its railway network and enhance and expand the business.