The Alberta Petroleum Marketing Commission (APMC) has signed contracts with CN and Canadian Pacific to utilize 4,400 DOT117 tank cars to transport oilsands crude (bitumen) to U.S. and international markets. Alberta Premier Rachel Notley announced the plan, which also includes locomotive leases, on Feb. 19.
CN, in reporting financial and operating results for fourth-quarter and full-year 2018, noted that the year ended on a strong note, “driven by solid top-line growth and significantly improved operating efficiency.”
While the financially panicked government of Alberta has imposed radio silence on its contentious plan to launch a state-owned fleet of oil trains, CN has teamed with a First Nation to obsolete both tank cars and pipelines in the transportation of bitumen.
RAILWAY AGE JANUARY 2019 ISSUE: The 56th annual recipient of Railway Age’s Railroader of The Year award is CN President and Chief Executive Jean-Jacques “JJ” Ruest, leader of one of North America’s best-performing Class I railroads. From applied chemistry to railroading, CN’s chief executive has always put the customer first.
CN President and CEO Jean-Jacques “JJ” Ruest , Railway Age’s 56th Railroader of the Year, leads one of North America’s best-performing Class I railroads. In this wide-ranging interview with Railway Age Editor-in-Chief William C. Vantuono, Ruest reflects on his distinguished career, and provides his vision of CN’s future.
The U.S. Class I railroads started the New Year in impressive fashion, as freight and intermodal traffic notched solid gains for the week ending January 5.
As it deploys a new operating system, Union Pacific has appointed Jim Vena as Chief Operating Officer, effective Jan. 14. He was a 40-year veteran of CN before retiring in 2016.
Ottawa is due repayment after Canada’s largest railroads, Canadian Pacific and CN, exceeded the maximum revenue for hauling grain allowed by federal law in 2017-2018.
Carload freight, containers and trailers carried by U.S. railroads continued a strong year-end surge, according to the Association of American Railroads.
The largest Canadian Class I railroad says it met its year-end deadline to install positive train control (PTC) equipment across its system, and is seeking a two-year extension “to complete deployment and interoperability.”