Canadian National shocked the railroad world this week with the selection of Tracy Robinson, a Canadian energy executive and former Canadian Pacific official, as its next CEO. The surprise came mostly from the fact that she is not a marquee name in railroad circles and has been out of the industry for eight years. But […]
MONTREAL — The organization building the REM de l’Est rail transit project has reached agreement with Canadian National to purchase a section of right-of-way, allowing it to relocate part of its route away from a major commercial corridor. CDPQ Infra, the public-works contracting arm of public pension organization Caisse dépôt et placement du Québec, said […]
MONTREAL — Canadian National reported record fourth-quarter financial results on Tuesday, despite the impact of severe flooding that shut its main line through southern British Columbia for three weeks. CN’s “Full Speed Ahead” plan to improve the company’s financial results, announced in September amid a proxy contest launched by activist investor TCI Fund Management, gained […]
MONTREAL — Canadian National on Tuesday named former Canadian Pacific executive Tracy Robinson as its new president and CEO, and reached an agreement with activist investor TCI Fund Management, which has dropped its proxy contest. Robinson spent nearly three decades at CP — with experience including positions in operations, finance, and marketing — before joining […]
MONTREAL – Canadian National wants to acquire Kansas City Southern’s line linking Springfield, Ill., with Kansas City, Mo., and East St. Louis, Ill. CN today said it would ask the Surface Transportation Board to condition approval of the Canadian Pacific-Kansas City Southern merger on divestiture of KCS’s Springfield Line. CN promises to spend at least $250 […]
PHOENIX — The start of construction on of a long-delayed intermodal facility will highlight Canadian National capital work in 2022, after the railroad completed several major projects in 2021. Martita Mullen, the railroad’s senior manager, design and construction, provided a review of the 2021 work and preview of 2022 on Friday at the National Railroad […]
BNSF Railway led the big six Class I railroads in growth in 2021, a year in which rail volume rebounded from the pandemic-related lows of 2020 yet struggled to overcome kinks in the global supply chain. BNSF’s traffic was up 7.4% for the year, with intermodal surging 8.3% and coal up nearly 11%. CSX Transportation […]
The Battle for Kansas City Southern, culminating in Canadian Pacific’s triumph over Canadian National, is Trains’ top railroading story of the year. (Editor’s note: This may have seemed like a foregone conclusion, but balloting was close, with this story receiving just one more first-place vote and nine more points than the No. 2 story.) Stage […]
The rail industry has long touted its energy efficiency compared to other modes of transport, as well as the parallel environmental benefits. But with railroads and their customers both placing more focus on combating climate change, an increasing number of projects are under way to develop alternatives to diesel-electric locomotives. Making the most progress to […]
Few years pass without railroads facing disruptions from natural disasters. This year was no different, with events including flooding that caused a Union Pacific derailment in Utah in July, Hurricane Ida hitting rail operations from New Orleans to New England in August; and devastating tornadoes in December, including one that derailed a CSX train. But […]
LONDON — Activist investor TCI Fund Management has asked Canadian National to delay the selection of its next chief executive until after the special shareholder meeting in March. CN on Monday said it would name a new CEO in January, when CEO JJ Ruest is scheduled to retire. TCI’s request for a pause in the […]
MONTREAL — Canadian National rail operations in British Columbia have nearly returned to normal after disruptions from Nov. 14 to Dec. 3 caused by flooding and washouts, the railroad reported on Tuesday, even as repairs continue around the clock. A 150-mile stretch on the railroad’s line between Vancouver and Kamloops, B.C., experienced 58 outages from […]
