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Mobile Terminal Touts Import Access To Coveted Midwest Destinations
Monday, July 26, 2021 - 4:00pm | 708APM Terminals Mobile in Alabama is putting a spotlight on its freight rail capacity to handle imported goods from the Gulf Coast to Chicago and other popular Midwestern destinations. The reminder comes as supply chains are grappling with congestion at Chicago as stakeholders seek to reduce the...
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CN Optimistic Despite Wildfires, Congestion And Delta Variant
Wednesday, July 21, 2021 - 1:24pm | 1069Canadian railway CN is still recovering from a nearly two-week outage of a bridge that is part of a key route to Vancouver. The impacts of the outage remain to be seen, as the bridge outage, as well as wildfire conditions, have contributed to a backlog at the Port of Vancouver, said CN executives...
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CN, Canadian Pacific Nail Down More Support For Merger Campaigns
Thursday, June 24, 2021 - 10:25am | 1162Canadian railways CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to make their case before regulators and the broader public about why each is the better company to acquire Kansas City Southern (NYSE: KSU). Regulators are accepting public comments on CN's proposed voting trust, which CN...
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CN Asserts It Has Broad Support For CN-KCS Voting Trust Proposal
Thursday, June 17, 2021 - 2:57pm | 668Canadian railway CN (NYSE: CNI) continues to report that it is receiving support for its proposed acquisition of Kansas City Southern (NYSE: KSU). CN's efforts to lobby for public support of a merger between itself and Kansas City Southern (KCS) come as the Surface Transportation Board (STB) is...
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KCS CFO: Merger with CN offers 'financial flexibility and freedom'
Tuesday, June 15, 2021 - 4:16pm | 1387Rival suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to seek to win over regulators and prove how their respective railway is the perfect partner to merge with Kansas City Southern (NYSE: KSU). Kansas City Southern (KCS) and CN want the Surface Transportation Board (STB) to...
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CN And KCS Seek To Divest 70 Miles Of Track In Louisiana
Wednesday, May 26, 2021 - 2:43pm | 1155Canadian railway CN (NYSE: CNI) and Kansas City Southern (NYSE: KSU) plan to divest of about 70 miles of Kansas City Southern (KCS) track in Louisiana as part of the effort to secure regulatory approval to merge and create an "end-to-end" network that spans from Canada to Mexico. The proposal to...
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CN, CP Respond To Rail Regulator's Decision On CN-KCS Merger
Tuesday, May 18, 2021 - 10:53am | 1210The Surface Transportation Board's decision on Monday to hold Canadian railway CN's (NYSE: CNI) petition to acquire Kansas City Southern (NYSE: KSU) to a higher regulatory standard has emboldened both CN and rival Canadian Pacific (NYSE: CP). Both CN and CP are seeking to acquire Kansas City...
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News Alert: CN Makes Nearly $34 Billion Bid For Kansas City Southern
Tuesday, April 20, 2021 - 12:25pm | 664Canadian railway CN (NYSE: CNI) has offered to acquire Kansas City Southern (NYSE: KSU) in a cash-and-stock transaction worth $33.7 billion, or $325 per share. CN rival Canadian Pacific (NYSE: CP) last month announced plans to acquire Kansas City Southern (KCS) for $29 billion. CN said Tuesday...
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Class 1 Railroads To Retain Cost-Cutting Measures
Tuesday, June 16, 2020 - 5:13pm | 815The Class I railroads are considering retaining some of the measures they implemented to scale down operations as a result of the coronavirus pandemic, according to comments some executives have made at recent industry conferences. "I'm very confident that as we do add back resources, we will not...
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Canadian National Calls Back Eastern Operations Employees
Tuesday, March 3, 2020 - 2:46pm | 553Canadian National (NYSE: CNI) has started to call back its employees who were laid off temporarily because of protests that disrupted the railway's eastern operations. Canadian National (CN) hasn't faced significant rail blockades on its network for the last four days, and so it has started...
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CN Moves To Shut Down Eastern Canada Rail Network Amid Blockades
Friday, February 14, 2020 - 9:59am | 547Canadian National (NYSE: CNI) began shutting down its Eastern Canada rail network Thursday and plans to halt all transcontinental service in response to ongoing disruptions by anti-pipeline protesters that have increasingly strained the country's supply chains. CN said it is initiating a "...
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FreightWaves NOW: Pipeline Protesters Blocking Canadian Railways
Thursday, February 13, 2020 - 2:59pm | 81Market Expert Donny Gilbert highlights the US Dry van markets before diving into the Atlanta, GA, Cedar Rapids, IA and Pittsburgh, PA markets in the Carrier Update presented by PowerFleet, then Market Expert Mike Baudendistel discusses the pipeline protesters interrupting the Canadian railways with...
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Canadian National Secures Contract For Hauling Sulfuric Acid
Friday, January 10, 2020 - 10:17am | 380Canadian National (NYSE: CNI) and NorFalco Sales, a division of Glencore Canada, have agreed to a multiyear contract to ship sulfuric acid from NorFalco's facilities in Ontario and Quebec. Canadian National (CN) will provide rail services to NorFalco's production facilities in Sudbury, Ontario;...
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Canadian National Grain Shipments Return To Pre-Strike Levels
Thursday, December 12, 2019 - 4:17pm | 592Canadian National (NYSE: CNI) announced that its shipments of grain are moving at a pace similar to that experienced before some of its workers walked out. Approximately 3,200 of the railroad's conductors, trainspersons and yard workers went on an eight-day strike in November. The reduction in...
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Canadian National Wins Coal Contract From Canadian Pacific
Wednesday, December 4, 2019 - 4:28pm | 674Vancouver-headquartered Teck Resources (NYSE: TECK) will start usingCanadian National (NYSE: CNI) to haul its coal to West Coast ports in 2021. Canadian National's (CN) competitor, Canadian Pacific (NYSE: CP), currently has a 10-year contract with Teck to transport metallurgical coal from Teck's...