Railroad News

CN marks 25 years as publicly traded company

Rail News Home Canadian National Railway - CN 11/18/2020 Rail News: Canadian National Railway - CN
image CN's JJ Ruest is shown with the different locomotives welcomed in CN’s ranks over the years. Locomotives from left to right: BC Rail, Grand Trunk Western, CN, Illinois Central Railroad, the Wisconsin Central Railroad, and the Elgin, Joliet & Eastern Railway.Photo – cn.ca

CN yesterday marked the 25th anniversary of the date the Canadian government put the railroad's shares up for sale to investors.

At CA$2.25 billion, the sale was the largest initial public offering in Canadian history. And at the time, CN was the largest and oldest crown corporation in Canada.

"The privatization of CN was anticipated with widespread skepticism, but executed with startling success and today it is the source of enormous price for our employees and all those involved over the years," said CN President and Chief Executive Officer JJ Ruest in a press release. "It allowed CN to unleash the powerful creative and competitive force of our railroaders."

Over the past 25 years, CN has expanded its network to reach three coasts, and acquired the Illinois Central Railroad, the Wisconsin Central Railroad, the Elgin, Joliet & Eastern Railway, and BC Rail. Each of those railroads, as well as well as the Grand Trunk Western, are represented by one of the locomotives recently painted by CN to mark its anniversary.

The locomotives soon will be rolling on the Class I's network.

 

Contact Progressive Railroading editorial staff.

More News from 11/18/2020


Copyright

© © Trade Press Media Group, Inc.

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