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Tag Archives Canadian National Railway

News, Other

CN posts larger profit in first quarter

Income was up, despite the effect of rail blockades earlier this year

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Despite Canadian National Railway (CN Rail) having taken the brunt of the rail blockades earlier this year, the company saw its net income in the first quarter of 2020 increase by 29 per cent. The railway recorded a total net income of C$1.011 billion, according to documents on CN’s website. A good portion of that net income
Grain trains have been running fast and furious as CN Rail has made up for lost time.
News, Other

CN ships record grain volume in March

The rail backlog from landslides, strike and blockades has been made up despite all odds

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CN Rail is on a roll. The company shipped a record 2.65 million tonnes of grain in March, surpassing the previous 2017 record of 2.47 million tonnes by seven per cent. It’s due to a combination of increased capacity through capital investments, good weather and reduced oil and potash traffic, although lumber and container traffic
An idle CN train is parked next to an empty Via Rail commuter station at Trenton, Ont. on Feb. 25, 2020. (Photo: Reuters/Chris Helgren)
Crops

CN starts calling back laid-off employees

"Network recovery... will take several weeks"

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Montreal | Reuters — Canadian National Railway has started calling back many of the 450 workers it laid off earlier this month in Eastern Canada, when blockades crippled operations on strategic rail lines, according to a company email sent to customers Friday. Earlier this week, police made 10 arrests and cleared a blockade in eastern
Farmers dump bags of corn grain in front of the Papineau riding office of Prime Minister Justin Trudeau in Montreal, as they protest the lack of propane due to the CN strike, on Nov. 25, 2019. (Photo: Reuters/Christinne Muschi)
Crops, Markets

CN conductors approve post-strike deal

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Canadian National Railway’s conductors and yard workers have voted for at least another two and a half years of labour peace with the company. The affected employees, members of the Teamsters Canada Rail Conference, voted 91.3 per cent to ratify a three-year contract with CN, retroactive to last July 23, the union said in a
(CN.ca)
Crops

CN reports grain movement back at pre-strike pace

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Canadian National Railway’s grain shipping is back to its pre-strike pace, the railway says. “By the second week of December (week 19), CN returned to shipping at peak levels, as well as taking on all customer hopper demand for the second and third weeks of December,” Montreal-based CN said in a release Thursday. “Despite a
A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops

CN strike to weigh on railway’s 2019 profit

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Reuters — Canadian National Railway on Tuesday cut its adjusted profit growth target for 2019, citing shipment delays from the country’s largest rail strike in a decade that ended last week. Shares in CN, which counts billionaire Bill Gates’ investment firm as its biggest shareholder, fell almost two per cent in morning trading in both
CN employees picket outside the company’s rail yard at North Battleford, Sask. on Nov. 25, 2019. (Canadian Cattlemen photo by Lisa Guenther)
Crops, Markets, Other

CN, Teamsters reach deal to end strike

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Montreal | Reuters — Teamsters Canada and Canadian National Railway on Tuesday said they reached a tentative deal to end a strike at the country’s largest railroad that had entered its eighth day, disrupting supply chains across the country. “We have a deal,” a CN spokesman said. The union said normal operations will resume on
Local news, News

CN apologizes for derailment, oil spill near St. Lazare

The company says it should have reached out earlier to the affected landowner

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CN Rail is sorry 37 cars carrying crude oil derailed near St. Lazare Feb. 16 and for not contacting the affected landowner sooner. “We missed our neighbour,” Sean Finn, CN’s executive vice-president of corporate services and chief legal officer, said in an interview Feb. 23. “It was a bit complicated. We derailed on Jayme Corr’s
CN executive says shipping more Alberta oil won’t hurt grain shipping.
News, Other

Bitter cold delays CN grain car deliveries

Alberta oil won’t move at the detriment of grain, says VP Sean Finn

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Cold weather hurt Canadian National Railway’s (CN) grain-shipping performance week 29 (Feb. 10 to 16), but it’s confident it can quickly catch up. “Last week was a pretty tough week,” Sean Finn, CN’s executive vice-president of corporate services and chief legal officer, said in an interview Feb. 23. Temperatures across much of Western Canada fell
The ability to move grain by rail from country elevator to port terminals still has room for improvement, says the president of Quorum Corporation.
News, Other

Grain by rail fails to keep up

Rail transportation is the biggest bottleneck in the grain-handling system

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Western Canadian grain shipments are moving well this crop year, but exports could be even higher. The limitation, according to Mark Hemmes, Canada’s grain monitor and president of Quorum Corporation, is the ability to move the crop between country elevator and port terminal by rail. “Grain companies generally do not market grain based on global

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