Railroad News

CN to acquire TransX Group, move more frac sand for Source Energy

CN today announced it reached an agreement to acquire The TransX Group of Cos., one of Canada’s largest and oldest transportation companies.

TransX provides various transportation and logistics services, including intermodal, truckload, less than truckload and specialized services. The 55-year-old company will continue to be based in Winnipeg, Manitoba, and operate independently, CN officials said in a press release.

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CN reports 'solid' growth, record revenue in Q3

CN reported yesterday its third-quarter net income rose 18.4 percent to CA$1.1 million from CA$958 million in the same period a year ago.

Diluted earnings per share (EPS) in the quarter increased 21 percent to CA$1.54 over the Q3 2017 total. Adjusted net income climbed 11 percent to CA$1.1 million, while adjusted diluted EPS climbed 15 percent to CA$1.50, CN officials said in a press release.

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CN unveils new centerbeam rail car

CN has begun to roll out the first of its new centerbeam rail cars ordered earlier this year from National Steel Car Ltd.

CN received the first of 350 new centerbeams in August. The new builds are 73-foot riserless centerbeams with a maximum load capacity of 286,000 pounds, CN officials said in a website post.

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CN recognized for work with Aboriginal communities, businesses

Rail News Home Canadian National Railway - CN 10/4/2018 Rail News: Canadian National Railway - CN
image "We look forward to continuing our work with the Aboriginal business community and fostering opportunities with Aboriginal chambers of commerce, entrepreneurs and businesses across Canada," said CN President and CEO JJ Ruest.Photo – CN

CN has become the first transportation company in Canada to receive the Progressive Aboriginal Relations (PAR) Bronze Level certification from the Canadian Council for Aboriginal Business (CCAB).

Established in 2001, the certification signals to Aboriginal communities that designated companies are "good business partners, great places to work and committed to the prosperity of Aboriginal communities," according to a CN press release.

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CN recognized for sustainability practices

Rail News Home Canadian National Railway - CN 9/14/2018 Rail News: Canadian National Railway - CN
image "We are honored to be listed among the world's best," said CN President and CEO JJ Ruest.Photo – CN

CN has been placed on the Dow Jones Sustainability World Index (DJSI) for the seventh consecutive year and the North American index for the 10th consecutive year, the Class I announced yesterday.

The DJSI World Index recognizes the top 10 percent of the 2,500 largest companies in the S&P Global Broad Market Index from each sector based on their sustainability scores.

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