MONTREAL — Canadian National and Progress Rail are joining with a renewable fuels company to test biodiesel and renewable diesel fuels in locomotives. The companies have announced they will work with Renewable Energy Group to better understand the long-term impacts of renewable fuels on locomotives, especially in cold weather, and determine any modifications necessary to […]
MONTREAL — Canadian National has issued a seven-page document regarding the proxy fight led by activist investor TCI Fund Management in which it says TCI’s “motives are highly suspect and its approach to railroading is outdated, myopic, and destructive to longer-term value.” The “Letter to Stockholders” issued Tuesday morning by the CN board of directors […]
NORFOLK, Va. — Norfolk Southern CEO Jim Squires warned today that the railroad’s train crew shortages may be exacerbated by the federal COVID-19 vaccination mandate that takes effect on Dec. 8. Like CSX Transportation, NS is experiencing higher than normal attrition among its train crews and is having trouble hiring new conductors due to the […]
MONTREAL — Canadian National has named Jo-ann dePass Olsovsky to its board of directors, effective immediately. Olsovsky, 56, is executive vice president and chief information officer at Salesforce, and previously spent 12 years at BNSF Railway as senior vice president and chief information officer. Her BNSF experience included overseeing the railroad’s drone inspection operations for […]
GATINEAU, Quebec — Fatigue on the part of a signal maintainer may have been a factor in a December 2020 collision between a VIA Rail Canada passenger train and a Canadian National hi-rail vehicle, according to a Transportation Safety Board of Canada report released Tuesday. In the Dec. 6, 2020, incident at Les Cédres, Quebec, […]
Gaspe peninsula Canadian National train 119 is at the division point of New Carlisle, 104 miles into its 202-mile trip from Gaspe to Matapedia in 1975. Bill Linley photo […]
MONTREAL — Canadian National CEO JJ Ruest will retire in January, the railroad announced today amid the ongoing proxy contest launched by activist investor TCI Fund Management. No successor was named, and CN’s announcement came a day after TCI released its plan touting former CN Chief Operating Officer Jim Vena as its chief executive candidate […]
MONTREAL — Canadian National announced that Jean-Jacques Ruest will retire as president and CEO and as a member of the board of directors, effective as of the end of January 2022, or such later time as a successor has been appointed. “On behalf of the Board, I would like to thank JJ for his dedicated […]
LONDON — TCI Fund Management today released its plan to improve Canadian National’s operational and financial performance, saying that replacing CEO JJ Ruest with former CN Chief Operating Officer Jim Vena would usher in a new era of growth and profitability. But TCI’s plan, included with the launch of a website called cnbackontrack.com, sets no […]
GATINEAU, Quebec — No evidence links railway operations to the fire that destroyed the town of Lytton, British Columbia, in June, the Transportation Safety Board of Canada said in a Thursday news release. This means the TSB’s role in the investigation is complete “unless new information establishes that a TSB reportable event occurred.” The fire […]
WASHINGTON – Canadian National and Watco have urged the Surface Transportation Board to lift the hold it placed on the transfer of nearly 500 miles of former Wisconsin Central branch lines. Watco, in a filing on Tuesday, told the board that it has been preparing to launch service on the routes in Wisconsin and the neighboring […]
Traffic on the big six Class I railroads was a mixed bag in the third quarter, as three systems saw gains versus a year ago and three experienced volume declines. For the third quarter, which ended Sept. 30, total volume on the big six systems was up an average of 0.5%, according to a Trains […]
