CN

CN: “On Our Way to Recovering”

In the absence of significant illegal blockades on its network over the last four days, CN announced that it has started calling back most of the temporarily laid off employees based in Eastern Canada.

CN Orders “Progressive, Methodical” Shutdown of Eastern Canada Operations

CN announced Feb. 13 that it “has been forced to initiate a disciplined and progressive shutdown of its operations in Eastern Canada. This includes stopping and safely securing all transcontinental trains across our Canadian network, and may imminently lead to temporary layoffs within the company’s Eastern Canadian operational staff.”

CN, Union Ratify New Labor Deal

CN recently announced that the Teamsters Canada Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY) union that represents the company’s train conductors and yard crews in Canada has ratified its collective agreements with the company.

CN: “Our Next Driver of Value is Well Under Way”

CN reported its financial and operating results for 4Q19 as well as the year ended Dec. 31, 2019. The former includes revenues of C$3.584 billion, a 6% decrease, while the latter showed revenues of C$14.917 billion, a 4% increase.