CN earnings rise in 4Q, slip for year

CN issued its earnings report for the fourth quarter and full-year 2013 after the closing bell on Wall Street Thursday, Jan. 30, 2014, gaining in the quarter over the comparable period in 2012 on record revenue, but reporting full-year earnings lower than that of 2012.

CN, Province of New Brunswick reach accord on Newcastle Subdivision

CN and the Province of New Brunswick have reached an agreement to preserve rail freight service on two sections of the railroad’s Newcastle Subdivision in northern New Brunswick. CN had previously sought to abandon 139 miles of the Newcastle Subdivision, which it acquired as part of its takeover of Quebec Railway Corp. in November 2008.

Savage expands crude oil logistics services in Western Canada

Savage, a provider of bundled supply chain management services for electric power generation, coal production, oil and gas, refining, agriculture, chemical, mining and manufacturing, has expanded its CBR (crude by rail) and truck transportation for crude oil services in Western Canada.

Canada cracking down on CBR shippers

Canada’s government has ordered Transport Canada to crack down hard on crude oil shippers who they say continue to evade a directive that they test the contents of tank cars before classifying them as hazardous materials for crude by rail (CBR) transportation.

CN adds frac sand producer in Wisconsin

CN will start serving a new state-of-the art frac sand producer on its Wisconsin rail network beginning this month. Such industrial sands are used by the oil and gas industry in the hydraulic fracturing process to hold shale fractures open to let natural gas and crude oil flow out.

2014 TRAFFIC AND SPENDING OUTLOOK: A capital year for suppliers

2013 has been a record year for the railroads, “a very robust and challenging year for growth and re-investment,” in the words of BNSF chief executive Matt Rose. The indications are that 2014 could be even better—from a shareholder’s standpoint, “a profile of continued steady earnings growth, stock repurchases, and increasing dividends,” in the words of Jason Seidl, Railway Age’s Wall Street contributing editor.

Schneider National, CN, KCS improve Mexico Direct

Schneider National’s nonstop, borderless Mexico Direct intermodal service, launched in 2006, now offers a new steel-wheel interchange in Jackson, Miss., with CN and Kansas City Southern. It’s described as “a faster, more efficient option for shippers crossing the border.”

CN: Capital-intensive, customer-driven

A model of efficiency and productivity, CN is investing strategically in its network to assure a safe, fluid system, and grow its service-oriented business.

CN CEO: Safety must be an absolute priority

CN President and CEO Claude Mongeau, in a speech delivered Tuesday, Oct. 29, 2013 to the Canadian Chamber of Commerce International Trade Day, said that Canadian railways have a solid record of improving their overall safety performance and remain committed to achieving further safety gains.

CN 3Q earnings up on record revenue

CN on Tuesday, Oct. 22, 2013, reported third-quarter net income of C$705 million (US$685 million), or C$1.67 (US$1.62) per diluted share, up about 6% from C$664 million, or C$1.52 per diluted share, in the same quarter of 2012.

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