Railroad News

Teamsters members consider November strike against CN

Rail News Home Canadian National Railway - CN 10/30/2019 Rail News: Canadian National Railway - CN
image Teamsters Canada Rail Conference (TCRC) members at CN could go on strike by Nov. 19, the labor union announced earlier this week.Last month, about 3,000 CN conductors and train and yard personnel voted 99.2 percent in favor of a strike. The union will provide CN at least 72 hours notice before taking any strike action, TCRC officials said in a press release.A legally mandated conciliation period ended Oct. 25. The union and CN have been in negotiations for six months and have been working with federal mediators for the past four months.The previous collective agreement between the parties expired July 23.The next round of talks with CN and federal mediators is set for Nov. 12, TCRC officials said.

Contact Progressive Railroading editorial staff.

More News from 10/30/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
10 Hits

CN delivers 'strong' Q3 results despite softening economy

Rail News Home Canadian National Railway - CN 10/23/2019 Rail News: Canadian National Railway - CN
image CN yesterday delivered strong third-quarter 2019 results despite a softer and uncertain economy for the North American rail industry, the Class I's executives announced yesterday.CN reported Q3 revenue increased 4 percent to CA$3.8 billion, diluted earnings per share (EPS) rose 8 percent to CA$1.66, operating income climbed 8 percent to CA$1.6 million and net income edged up 0.5 percent to CA$1.2 billion compared with Q3 2018's results, company officials said in a press release.The Q3 operating ratio improved to 57.9 percent from 59.5 percent a year ago."Our team of railroaders swiftly aligned resources with the weaker demand to achieve solid efficiency gains," said CN President and Chief Executive Officer JJ Ruest. "We remain committed to our long-term agenda of growing faster than the economy at low incremental cost, and to taking scheduled railroading to the next level by deploying advanced operating technology.”CN attributed the revenue increase primarily to freight rate increases and higher intermodal revenue.Operating expenses for the quarter inched up 1 percent to CA2.2 billion, mainly driven by higher purchased services and material expenses, as well as higher depreciation and amortization expenses.The slower demand for North American rail service prompted CN to revise its profit outlook for 2019. The company is now targeting adjusted diluted EPS growth in the high single-digit range for 2019 versus last year's adjusted diluted EPS of CA$5.50. In July, CN's financial outlook called for low double-digit growth in adjusted diluted EPS. CN also now expects a "slightly negative volume growth" this year in revenue ton miles.

Contact Progressive Railroading editorial staff.

More News from 10/23/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
12 Hits

CN: Unifor affiliated truck drivers ratify pact with CNTL

Rail News Home Canadian National Railway - CN 10/3/2019 Rail News: Canadian National Railway - CN
image CN yesterday announced that Unifor affiliated truck drivers for CN subsidiary CNTL have ratified a four-year contract retroactive to Sept. 16.The pact covers 950 owner-operators under the recently negotiated collective agreement with CNTL in Canada, CN announced in a press release.CNTL is a key link in the railroad's integrated supply chain, said Keith Reardon, senior vice president of consumer product supply chain at CN. “The ratification of this contract allows CNTL to move forward with our driver-partners, ensuring we can provide seamless, uninterrupted, exceptional service to its many customers across Canada and beyond," Reardon said.

Contact Progressive Railroading editorial staff.

More News from 10/3/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
22 Hits

CN unveils winter plan for upcoming season

Rail News Home Canadian National Railway - CN 10/2/2019 Rail News: Canadian National Railway - CN
image CN's investments in infrastructure and equipment have increased the resiliency of its network, company officials say.Photo – CN

CN yesterday rolled out its 2019-20 winter plan, which explains how the Class I expects to serve its customers during extreme operating conditions.

CN's investments in infrastructure and equipment have increased the resiliency of its network, as well as the railroad's ability to recover during extreme operating conditions, CN officials said in a press release.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
23 Hits

CN recognized for sustainability practices

Rail News Home Canadian National Railway - CN 9/17/2019 Rail News: Canadian National Railway - CN
image CN has earned a place on the Dow Jones Sustainability World Index (DJSI) for the eighth consecutive year, the Class I announced yesterday.This year also is the 11th year in a row that CN has been listed on the DJSI North American Index. CN is the only Canadian company listed in the transportation and transportation infrastructure sector, CN officials said in a press release.The DJSI surveys sustainability leaders from each industry on a global and regional level. The annual review analyzes economic, environmental and social performance, assessing issues such as corporate governments, risk management, climate change mitigation, supply chain standards, stakeholder engagement and labor practices."We are honored that CN’s sustainability performance continues to earn us a place among the world’s best,” said CN President and Chief Executive Officer JJ Ruest. "As we move into our next century, we renew our commitment to be a leader in safety, sustainability, innovation and growth.”Launched in 1999, the DJSI World represents the gold standard for corporate sustainability and is the first global index to track the leading sustainability-driven companies based on RobecoSAM's analysis of financially material environmental, social and governance factors and S&P DJI's robust index methodology, CN officials said.

Contact Progressive Railroading editorial staff.

More News from 9/17/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
0 Hits

CN recognizes sustainability efforts of customers, supply chain partners

Rail News Home Canadian National Railway - CN 9/10/2019 Rail News: Canadian National Railway - CN
image CN is honoring 47 customers and supply chain partners for their sustainability practices. The honorees will be recognized at a ceremony to be held later this month in Montreal. CN's EcoConnexions Partnership Program recognizes companies that are committed to sustainability by reducing their environmental footprint. EcoConnexions programs engage employees, communities and customers to help the Class I achieve its goals of reducing air emissions, conserving resources and increasing biodiversity, CN officials said in a press release. In collaboration with Tree Canada, CN is planting 120,000 trees this year in Canada and the United States to honor the 47 "sustainability leaders," they said. "For CN, sustainability means moving customer goods safely, being environmentally responsible, attracting and developing the best railroaders, helping build stronger communities, and adhering to the highest governance standards," said Janet Drysdale, CN's vice president of financial planning who oversees the company's sustainability team. A list of the 47 honorees is available here.

Contact Progressive Railroading editorial staff.

More News from 9/10/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
26 Hits

CN, COSCO extend intermodal pact

Rail News Home Canadian National Railway - CN 9/5/2019 Rail News: Canadian National Railway - CN
image COSCO Shipping has chosen CN to be its exclusive rail provider for its discharge at the ports of Vancouver, Prince Rupert, Montreal and Halifax, the Class I announced yesterday."By choosing CN to service all inland destinations on the network, COSCO will be well-positioned to benefit from a unique tri-coastal access," said Keith Reardon, CN's senior vice president of consumer product supply chain, in a press release.The agreement with COSCO is the latest in recently signed strategic contracts, Reardon noted. Last month, CN and CSX announced a new intermodal service that will be offered between CN's greater Montreal and southern Ontario areas, and the CSX-served ports of Philadelphia, New York and New Jersey."This new exclusive Canadian partnership further reinforces our relationship and our commitment to providing the best intermodal rail service," Reardon said of the COSCO arrangement.

Contact Progressive Railroading editorial staff.

More News from 9/5/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
41 Hits

Canadian government to negotiate with CN over Quebec Bridge's future

Rail News Home Canadian National Railway - CN 8/26/2019 Rail News: Canadian National Railway - CN
image Construction on the bridge was completed in 1917.Photo – shutterstock.com

The Canadian government has appointed a special negotiator to work with CN on a plan to restore the over century-old Quebec Bridge in Quebec City.

The negotiator is Yvon Charest, former president and chief executive officer of iA Financial Group in Quebec City, federal officials said in a press release issued by Infrastructure Canada.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
49 Hits

G3 opens grain elevator on CN line in Saskatchewan

Rail News Home Canadian National Railway - CN 8/21/2019 Rail News: Canadian National Railway - CN
image G3 has five more elevators under construction in Alberta, with one scheduled to open later this year and the rest in 2020.Photo – G3

G3 last week marked the opening of its new high-efficiency grain elevator on a CN line in Maidstone, Saskatchewan.

Similar to the company's other modern grain elevators across western Canada, the new facility features fast truck-unloads and a railway loop track that can load a 150-car train, G3 officials said in a press release.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
49 Hits

CN unveils grain plan, forms ag advisory group

CN yesterday announced the publication of its 2019-2020 grain plan and the creation of its Agricultural Advisory Council.

The grain plan reviews CN's performance in the previous crop year, during which CN moved over 27.5 million metric tonnes of grain — a record for the Class I.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
62 Hits

GM to use CN's Minneapolis, Vancouver auto terminals

Rail News Home Canadian National Railway - CN 7/26/2019 Rail News: Canadian National Railway - CN
image CN announced today it reached a new multiyear agreement with General Motors for the transportation of finished vehicles and assembly parts, and that GM will be the first customer to use CN's new automotive compounds in Minneapolis and Vancouver, British Columbia.Construction is now completed on the Vancouver compound, and GM will be the first tenant by October. Construction on the Minneapolis compound is expected to be completed in late 2020, with GM operations starting at the site in 2021, CN officials said in a press release.Both compounds will provide additional capacity, vehicle throughput and timely deliveries for GM and its customers in the northern Midwest and British Columbia, they said.“CN is very pleased to continue a strong relationship with GM,” said Keith Reardon, CN's senior vice president, consumer product supply chain. "CN remains focused on growth and on enabling its customers’ business through strategic infrastructure investment in new metropolitan markets."

Contact Progressive Railroading editorial staff.

More News from 7/26/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
67 Hits

CN to serve new pellet-bagging facility at Port of Prince Rupert

Rail News Home Canadian National Railway - CN 7/25/2019 Rail News: Canadian National Railway - CN
image The facility is under construction at the port and is expected to be completed by Aug. 31.Photo – Port of Prince Rupert

Ray-Mont Logistics announced this week the construction of a new facility for bagging plastic pellets for shipping out of Port of Prince Rupert in Vancouver, British Columbia.

When completed, the facility will improve the speed and efficiency of plastic pellet exports in containers for producers in Alberta that are served by CN, Ray-Mont officials said this week in a press release.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
66 Hits

CN posts record Q2 earnings, revenue, income

CN yesterday reported that it achieved record earnings, revenue and operating income for the second quarter.

Second-quarter revenue rose 9 percent to CA$3.96 billion over the year-ago period mainly due to the inclusion of The TransX Group in the intermodal commodity group, the impact of a weaker Canadian dollar, freight rate increases and higher petroleum crude and grain volumes, company officials said in a press release.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
68 Hits

CN to rebuild Steen River rail bridge

CN will rebuild the rail bridge over the Steen River in Alberta, with Imperial Oil and Suncor contributing funds to the reconstruction, the Class I announced yesterday.

The approaches on both ends of the 360-foot bridge will be rebuilt with concrete and steel and the bridge deck of the steel span across the river will be replaced. Construction should be completed by mid-August, CN officials said in a press release.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
72 Hits

CN hires Trent to oversee Class I's 'digital transformation'

Rail News Home Canadian National Railway - CN 7/16/2019 Rail News: Canadian National Railway - CN
image CN has hired David Trent, a global information technology leader with more than 20 years of experience, to serve as chief digital officer and help the Class I modernize its scheduled railroad model.In his new role, Trent will be responsible for building a "digitally agile organization" and working with business and operational leaders to drive improved performance and customer experience, CN officials said in a press release.Most recently, Trent was vice president of technology and digital at Canfor Corp., where he spearheaded the company's digital transformation, CN officials said."David's proven track record in creating value for the business and transforming an organization towards digitization is mission-critical as we modernize our operations," said CN President and Chief Executive Officer JJ Ruest. "Through cost efficiencies, asset utilization and superior customer experience, CN’s new chief digital officer will drive long-term value creation for our customers and shareholders.”Trent will be based in Montreal and begin his new job Aug. 19. He will report to Michael Foster, CN's executive vice president and chief information and technology officer.

Contact Progressive Railroading editorial staff.

More News from 7/16/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
65 Hits

CN's grain traffic maintained record pace in June

Rail News Home Canadian National Railway - CN 7/2/2019 Rail News: Canadian National Railway - CN
image Western Canadian grain movements were at high ebb through 11 months of the 2018-19 crop year.Photo – CN

CN today announced its western Canadian grain movements in June exceeded 2.3 million metric tons (MMT) compared with 1.99 MMT in June 2018.

The cumulative tonnage moved by the railroad through 11 months of the 2018-19 crop year was on record pace at 25.5 MMT — 1 million tons ahead of the previous record-setting pace — despite the restrictions on Canadian exports to China, CN officials said in a press release. The three-year average of grain movements per month is 1.80 MMT.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
91 Hits

Teamsters rail traffic controllers ratify new CN contract

Rail News Home Canadian National Railway - CN 6/18/2019 Rail News: Canadian National Railway - CN
image CN announced late last week that the Teamsters Canada Rail Conference Rail Canada Traffic Controllers has ratified a new four-year agreement with the Class I.Retroactive to Jan. 1, 2019, the contract provides for wages and benefits improvements for 180 rail traffic controllers in Canada."We are pleased that, along with furthering long term labor stability, this agreement demonstrates once again that our team of skilled railroaders, whether management or union, are working together toward mutually satisfying solutions," said CN President and Chief Executive Officer JJ Ruest in a press release.CN and the union reached a tentative agreement in May.

Contact Progressive Railroading editorial staff.

More News from 6/18/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
96 Hits

CN marks 100th year in business

Rail News Home Canadian National Railway - CN 6/10/2019 Rail News: Canadian National Railway - CN
image Founded by an act of Parliament in Canada on June 6, 1919, CN evolved from a federal crown corporation for 75 years to a private railroad company in 1995.Photo – CN

CN officially marked its 100th anniversary last week.

Founded by an act of Parliament in Canada on June 6, 1919, CN evolved from a federal crown corporation for 75 years to a private railroad company in 1995. The Class I spans North America, from eastern to western Canada and the Gulf of Mexico.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
117 Hits

CN, Hutchison Ports to develop new container terminal

The Quebec Port Authority (QPA) yesterday announced the signing of a long-term commercial agreement with Hutchison Ports and CN to build and operate a new container terminal known as project Laurentia.

The CA$775 million project will be financed through the joint investment of all three partners. In addition, the QPA is in discussions with federal and provincial governments to complete the financing, according to a QPA press release.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
122 Hits

CN recognized for supply chain contributions

Rail News Home Canadian National Railway - CN 5/28/2019 Rail News: Canadian National Railway - CN
image CN has received the Supply Chain Management Association's (SCMA) first Nation Builder award, the organizations announced last week.The award commemorates the association's 100th anniversary and recognizes the historical significance and future importance of building supply chains to Canada, according to a CN/SCMA press release.SCMA chose CN for its "unrivaled legacy of economic and innovative contributions to building Canada's supply chain infrastructure," said Christian Buhagiar, the association's president and chief executive officer.This year also marks CN's 100th anniversary, noted CN President and CEO JJ Ruest."While we are proud of the company's heritage, our focus is on the future of the supply chain and how we can play an active role in moving Canada's natural resources and our customers' goods to market safely and efficiently," he said. "We are focusing on investing in infrastructure, technology and solutions to increase our role in Canadian supply chain and across our international markets."The award will be presented Thursday during the 2019 National Conference and Fellow Awards Gala in Montreal.

Contact Progressive Railroading editorial staff.

More News from 5/28/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
150 Hits

Contact Us

VISIT US

35505 Cooper Road
Brookshire, TX 77423
View a Map of Our Location

OUR HOURS

Monday - Friday
8 AM - 5 PM
Saturday - Sunday
CLOSED

TALK TO US

Phone
281.392.4850

CONNECT WITH US