CN sees record grain tonnage
CN said it moved a record 21.8 million metric tons of Western Canadian grain during the 2016-17 crop year.
CN
Teamsters TCRC-CTY ratifies new CN contract
CN announced that the Teamsters Canada Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY) union that represents the company’s conductors and yard crews in Canada has ratified a new collective agreement.
CN announces C$500M debt offering
CN on July 27 announced a public debt offering of C$500 million ($401 million) 3.6% Notes due 2047.
CN 2Q 2017: Volume growth generates record revenues
Continued strong volume growth led to record revenues and a 21% increase in adjusted diluted earnings per share (EPS), CN reported for its financial and operating results for the second quarter ending June 30, 2017.
CN “most iconic,” says Interbrand Canada
Interbrand Canada, the Canadian division of global consulting firm The Brand Consultancy, has named CN “one of the 150 companies, organizations and institutions that are the most iconic in Canada.” CN’s selection is part of “The Interbrand 150: Iconic Canadian Brands Report: Our Time to Grow, which “showcases the influence and impact of Canadian brands in honor of Canada 150.”
AAR: Coal leads weekly carload gainers
Weekly gains in freight volume on U.S. railroads eased slightly, according to the Association of American Railroads.
CN fined $2.5M for fuel spill
A federal court in Edmonton has fined Canadian National Railway $2.5 million for spilling diesel fuel into the North Saskatchewan River.
Takeaways from CN investor day: Jason Seidl
Based on CN’s top line and productivity initiatives, Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl is “very confident in CN’s ability to meet, if not exceed, its goal of 10% EPS growth over the next five years. CN’s creation of an operations technology division underscores its historical ability to be one of the best forward-thinking supply chain focused companies.”
Teamsters deal averts possible CN strike
CN announced that it has reached a tentative agreement with the Teamsters Canada Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY) to renew the labor contract for approximately 3,000 conductors and yard operations employees in Canada.
CN’s Ruest inducted into Maritime Hall of Fame
Jean-Jacques (JJ) Ruest, executive vice-president and chief marketing officer of CN, has been inducted into the International Maritime Hall of Fame.