WASHINGTON — Carload freight volume on U.S. railroads reached its highest level in more than a year during the week ended Feb. 27, the Association of American Railroads reported. U.S. railroads originated 290,261 carloads during the week ended Feb. 27, up 2.6 percent from the comparable week in 2009 and the highest level reported since the week ended Dec. 6, 2008. However, the total was still down 13.5 percent from comparison week in 2008. In order to offer a complete picture of the progress in rail traffic, AAR now reports 2010 weekly rail traffic with comparison weeks in both 2009
MONTREAL — CN’s employee relief fund for Haiti has generated more than C$460,000 for the Red Cross to assist the agency’s continued relief efforts in Haiti, following the devastating earthquake on Jan. 10. Claude Mongeau, president and chief executive officer of CN, said: “The needs for recovery in Haiti are enormous, and the response of CN’s employees in the wake of this tragedy is inspiring. The success of CN’s employee relief fund for Haiti is a testament to the generosity of our railroaders across North America. The earthquake has taken much from so many Haitians, and we are pleased to be
CALGARY — CN announced plans to establish a new $100-million CN Calgary Logistics Park in Conrich, located in Rocky View County north east of Calgary. The 680-acre park is planned to include a state-of-the-art intermodal terminal with room for customers to co-locate with CN and custom build their facility in place. The Logistics Park will be designed to include a multi commodity transload and warehouse facility, an automotive compound, and a liquid/bulk transload and distribution facility. The site is strategically located a few miles east of the Calgary Airport, on Twp Road 250/ McKnight Boulevard, providing fluid access to Stoney Trail
MONTREAL — CN reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2009. Fourth-quarter and full-year 2009 highlights: — Net income and diluted earnings per share for the final quarter of 2009 increased two per cent from the year-earlier period to C$582 million and C$1.23, respectively. The results included an after-tax gain of C$59 million (C$0.12 per diluted share) from a line-sale to Metrolinx, a transit agency in Toronto, and a deferred income tax recovery of C$99 million (C$0.21 per diluted share). — Excluding these items, adjusted fourth-quarter 2009 net income was C$424 million,
WASHINGTON — U.S. Transportation Secretary Ray LaHood and Federal Railroad Administration (FRA) Administrator Joseph Szabo on Jan. 12 announced historic safety regulations requiring that Positive Train Control (PTC) technology be installed on the nation’s major rail lines as well as commuter and intercity passenger rail routes.
MONTREAL — David G. A. McLean, chairman of the board of directors of CN, acknowledged the remarkable career of CN’s outgoing president and chief executive officer E. Hunter Harrison. “On behalf of CN’s board of directors, I would like to thank Hunter for the outstanding leadership and service that he has provided to this company. His innovative Precision Railroading model and tireless dedication has led to the creation of a great North American railroad and will leave this company well positioned for future success,” said McLean. “As Hunter prepares to step down from the company and from its board of
TORONTO — Metrolinx purchased from CN the lower portion of the Newmarket Subdivision in central-north Toronto for C$68 million. The transaction gives Metrolinx end-to-end ownership of the 60-mile-long Barrie-Bradford GO Train corridor between downtown Toronto and Barrie, Ont. – a first for the government transit agency. Metrolinx is the Ontario government Crown corporation responsible for delivering an integrated, multi-modal transportation network in the Greater Toronto Area (GTA), from York and Durham through Toronto, Peel Halton and Hamilton. GO Transit, the operating division of Metrolinx, provides commuter rail and bus services in the GTA. The Metrolinx line acquisition fills the rail
MONTREAL — Unresolved wage and benefits issues for 1,700 CN locomotive engineers in Canada will be submitted to binding arbitration after renewed negotiations between the company and Teamsters Canada Rail Conference (TCRC) ended yesterday without a settlement. The company and union agreed, as part of the memorandum of settlement that ended the TCRC’s strike Dec. 2 to third-party arbitration of wage and benefits issues if further talks failed to resolve their contractual differences. The federal Minister of Labour will now appoint an arbitrator, who will have 90 days following his or her appointment to report to the Minister with a
CHICAGO — CN announced it has reached a voluntary mitigation agreement (VMA) with the Village of Plainfield, Ill., located 35 miles southwest of Chicago, addressing the municipality’s environmental issues with CN’s acquisition of the principal lines of the former Elgin, Joliet and Eastern Railway Company (EJ&E). With this agreement, CN has VMAs with 21 municipalities of the 33 communities situated on the EJ&E in Illinois and Indiana. CN’s latest VMA will provide funding for environmental measures including maintenance of an existing quiet zone, operations mitigation, emergency response training, safety initiatives, and improved communication. CN completed its EJ&E acquisition on Jan.
MONTREAL — The strike by locomotive engineers at CN will end immediately as a result of an agreement to resolve the parties’ contractual disagreements through further negotiations and, if necessary, binding arbitration. The union began its strike Nov. 28. E. Hunter Harrison, president and chief executive officer, said: “CN is pleased that an agreement has been reached to end the strike by the Teamsters Canada Rail Conference (TCRC) immediately and to move forward with a process that gives the parties flexibility to negotiate issues further, but also ensures finality through binding arbitration of issues that remain in dispute. We have