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CN today announced plans to invest CA$390 million in British Columbia and CA$335 million in Quebec in projects that enable sustainable growth, improve capacity and advance safety initiatives.
The investments are being made in technology, rolling stock units, capacity and company-wide decarbonization initiatives, as well as network improvements, CN officials said in press release.
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Wabtec Corp. today launched its new precision dispatch system with an order from CN.
The precision dispatch deal marks a major step toward network automation for CN and the entire rail industry, Wabtec officials said in a press release.
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CN's board last week unanimously elected Shauneen Bruder as its new chair.
Bruder was, until her retirement in October 2019, the executive vice president of operations at the Royal Bank of Canada, where she was responsible for overseeing operations related to all personal and business clients in Canada.
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CN yesterday announced "sound operating and financial performance" in first-quarter 2022, including CA$3.7 billion in revenue, up 5%, and adjusted diluted earnings per share (EPS) of CA$1.32, up 7%, compared with first-quarter results in 2021.
The Class I posted operating income of CA$1.2 billion, down 8%, and adjusted operating income of CA$1.2 billion, up 4%. Net income came in at CA$918 million, down from CA$976 million a year ago.
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