canadian national railway

Canadian Pacific and CN shattered records for hauling Canadian grain and grain products in the 2020-2021 crop year, which ran from Aug. 1, 2020, to July 31, 2021. More efficient network boosted volumes: CP CP (NYSE: CP) hauled 30.62 million metric tons (MMT), the most in its 140-year history, the...

Kansas City Southern is firing back at Canadian Pacific's recent efforts to thwart a merger between KCS and CP's rival, CN. KCS (NYSE: KSU) shareholders are holding a special meeting on Aug. 19 to vote on the CN (NYSE: CNI) merger agreement with KCS. Rivals CP and CN are both seeking to acquire...

The chair of the U.S. House Committee on Transportation and Infrastructure has come out against a proposed voting trust that Canadian railway CN (NYSE: CNI) would use to acquire Kansas City Southern (NYSE: KSU). The objection comes as other House members have expressed support for merger...

Canadian railway CN (NYSE: CNI) so far has announced CA$95 million in 2021 capital investment projects in Alberta, Ontario, Manitoba and New Brunswick.  CA$95 million is worth about $77 million U.S., and 1 Canadian dollar equals about 81 U.S. cents. The railway has an overall budget of CA$3...

Kansas City Southern (NYSE: KSU) has made it official: It's breaking up with Canadian Pacific (NYSE: CP) and it's going with the merger offer from CP rival CN (NYSE: CNI). The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN's offer to acquire KCS was "...

Citing competition concerns, the U.S. Department of Justice (DOJ) is asking the Surface Transportation Board (STB) not to approve a request by Canadian railway CN (NYSE: CNI) to form a voting trust. The voting trust would be used to acquire Kansas City Southern (NYSE: KSU). CN is seeking to...

Rival Canadian suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) are seeking to win the hearts of the shareholders of Kansas City Southern (NYSE: KSU). CN said Saturday that it will be engaging with the board of directors of Kansas City Southern (KCS) over its acquisition proposal. Last...

By Byron L. Dorgan, retired U.S. senator from North Dakota Making an exception is different than changing one's mind. That's how I came to the conclusion that, although I have been a strong and relentless critic of mergers by big Class I railroads, the recently proposed merger by Canadian Pacific...

Canadian National Railway (NYSE: CNI) has ordered 50 electric trucks from Canadian supplier Lion Electric Co. for intermodal operations in its largest urban markets, the companies announced Monday. The Canadian railway plans to deploy the trucks in Toronto, Vancouver and Montreal, CN JJ Ruest said...

Good day, Canadian National Railway (NYSE: CNI) CEO JJ Ruest said he expects the company to bounce back in the aftermath of weeks of rail blockades – likening their impact to November's strike.  Ruest told BNN Bloomberg that the blockades will hurt CN, but that he remains confident in meeting its...

Canadian National (NYSE: CNI) expressed relief Monday that a rail blockade that had prevented freight trains from moving between Toronto and Montreal is over. Canadian National (CN) "is pleased that the illegal blockade in Tyendinaga has come to an end. The track is currently being inspected for...

Recent trade actions in North America could help rail volumes improve, particularly in the second half of the year, Canadian National (NYSE: CNI) executives said Tuesday. "The trade environment, when you look at how negative it was last year and how things seem to be at least turning [around] … at...

"Weak freight demand" and the eight-day labor strike in November contributed to net profits for Canadian National (NYSE: CNI) falling nearly 24% in the fourth quarter of 2019, the company said Tuesday. Net income for the quarter totaled C$873 million, or $1.22 diluted earnings/share, compared with...

Director of Market Intelligence Zach Strickland compares the current outbound tender volume index to last year's in the Carrier Update presented by PowerFleet, Market Expert Donny Gilbert highlights several markets for Brokers to consider in the Broker Update, and Market Expert Mike Baudendistel...

The strike by Canadian National (NYSE: CNI) rail workers helped bring down Canada's trade volumes during November, Statistics Canada reported. The eight-day disruption across Canada's largest rail network coincided with 1.4% decline in exports to C$48.7 billion and 2.4% drop in imports to C$49.8...