MONTREAL — Canadian National has hired a Montreal-based search firm to help find a French-speaking member for its board of directors, the railroad has announced. The announcement came as part of a Friday statement announcing the election of a new board chairwoman and 10 other board members. New board chairwoman Shauneen Bruder said the railroad […]
WASHINGTON – The Class I railroads submitted their first batch of expanded performance metrics to federal regulators this week, including a snapshot of on-time performance data. The board on May 6 ordered the railroads to report the data beginning this week in response to shipper complaints and testimony delivered during two days of hearings last […]
BOSTON — Canadian National is taking a back-to-basics approach under new CEO Tracy Robinson. The first order of business is to improve the railway’s velocity, which since last fall has generally been running below 2020 and 2021 levels when measured by the average number of miles cars travel per day. “As we bring the schedule […]
MONTREAL — Quebec’s pension fund may withhold support from some members of Canadian National’s board of directors to protest the lack of French-speaking board members, Reuters reports. Caisse de depot et placement du Quebec — CN’s 10th-largest shareholder — is considering the move, a source told the news service, after previously criticizing a move that […]
WASHINGTON – For the week ended May 7, U.S. rail traffic registered 504,927 carloads and intermodal units, a 3.5% decline over the same period in 2021. Figures from the Association of American Railroads show the total number of carloads at 231,737, down 1.9% over the same week in 2021, while intermodal volume was 273,190 containers […]
OTTAWA, Ontario — Canadian Transport Minister Omar Alghabra has criticized Canadian National Railway Co. for maintaining an English-speaking-only board of directors in a bilingual nation where 7.9 million citizens – 22% of the population – speak French as their first language. “It’s unacceptable that the board of directors does not have a francophone representative on […]
OTTAWA, Ontario – Class I railroads operating in Canada would be required to report additional performance and staffing metrics under a proposal Canadian regulators unveiled on Friday. Transport Canada’s move was announced on the same day that the Surface Transportation Board said it will temporarily require the big railroads to provide more detailed operational and […]
WINNIPEG, Manitoba — A track-repair error led to a rail-joint failure, causing a 2019 derailment of a Canadian National oil train, the Transportation Safety Board of Canada said in its summary of a report released Friday. The Feb. 16, 2019, accident near St-Lazare, Man., led to the derailment of 37 cars of a 110-car crude […]
MONTREAL — New CEO Tracy Robinson likes what she sees at Canadian National. “As I sit here, 60 days in … I can tell you that I’m more excited about our prospects than when I first arrived,” Robinson told investors and analysts on the railway’s earnings call this week. “At CN, we have an incredible […]
WASHINGTON – Federal regulators have ordered Canadian Pacific to resubmit specific traffic density data that will be used as part of its Kansas City Southern merger application. The Surface Transportation Board’s decision, issued on Wednesday, keeps review of the first Class I railroad merger in two decades on hold. CP must submit new baseline traffic density […]
MONTREAL — Canadian National executives including now-departed CEO JJ Ruest received significant bonuses last year for the first time since 2018, the Globe and Mail reports. Ruest, who stepped down in January, received a $2.32 million bonus in 2021 as part of overall compensation totaling $13.55 million. A year earlier, his bonus had been $313,334. […]
WASHINGTON — Canadian National claims it has found additional train count inconsistencies in the Canadian Pacific-Kansas City Southern merger application and related environmental filings. The Surface Transportation Board last month put review of the CP-KCS merger on hold until discrepancies in train density data could be sorted out. CP has provided the board with clarification […]
