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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 […]
WASHINGTON — Federal regulators on Monday received a flurry of last-minute comments regarding CSX Transportation’s proposed acquisition of New England regional Pan Am Railways. The filings – from federal and state transportation officials, Norfolk Southern, and Genesee & Wyoming – were submitted on the deadline to respond to comments already made to the Surface Transportation Board […]
KANSAS CITY, Mo. – Kansas City Southern’s profits slumped in the third quarter due to the impact of merger-related costs, but revenue was up sharply even as volumes declined slightly as a result of auto assembly plant shutdowns and protests that blocked the railroad’s route to a key Mexican port. The railroad today reported that […]
Product news Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. Here are the products Model Railroader editors have news on for the week of October 21, 2021. HO scale locomotives General Electric Dash 9-44CW diesel locomotive. […]
WASHINGTON — Surface Transportation Board Chairman Martin J. Oberman has asked CSX Transportation CEO Jim Foote to explain ongoing service problems that range from missed switches and unfulfilled car orders to delayed manifest and bulk shipments. “Over the past several months the Board has continued to receive a steady stream of complaints about the adequacy […]
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 […]
What was your first train set (or locomotive)? In the late in 1960s my dad worked for an auto parts store. Champion Spark Plug had a sales promotion that if you sold a certain number of spark plugs, you would receive a Lionel train set. Apparently my dad was a great salesmen, as he sold […]
Ready for a long-awaited return to Toy Train Mecca – otherwise known as the Eastern Division TCA York Train Meet in York, PA? Even if you can’t make it to the York Fairgrounds for the October 21-23, 2021, O and S gauge event, you’ll appreciate a glimpse at the fun enjoyed by Kent and Carl […]
Large scale locomotives Austrian Federal Rys. Taurus Railjet locomotive. Digital Command Control sound decoder; molded and separate, factory-applied parts, including lights, windshield wipers, handrails, horn, vents, fans, bumpers, and exhaust stack; hook-and-loop couplers; and can-type ball-bearing motor. $779.99. November 2021. PIKO America, 619-280-2800, piko-america.com Large scale passenger equipment Austrian Federal Rys. Railjet first-class coach. Plastic wheelsets, molded […]
Product news Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. Here are the products Model Railroader editors have news on for the week of October 14, 2021. HO scale locomotives Electro-Motive Division GP38-2 diesel locomotive. CSX […]
LONDON – The war of words continues between Canadian National and TCI Fund Management, its second-largest investor. TCI, which seeks to oust CN CEO JJ Ruest and has nominated four directors to serve on CN’s board, today disputed claims that CN made on Monday. CN yesterday set March 22 as the date it will hold […]
