Canadian National
Canadian National
Canadian National
Mongeau Calls for Greater Supply Chain Collaboration
Canadian National
CN Gearing Up for Fall Grain Harvest
Canadian National
CN Signs VMA With Village of Long Grove, Ill.
CHICAGO — CN has reached a voluntary mitigation agreement (VMA) with the Village of Long Grove, Ill., located approximately 35 miles northwest of Chicago, addressing the municipality’s environmental and safety concerns with CN’s acquisition of the Elgin, Joliet and Eastern Railway Company (EJ&E). With this agreement, CN has VMAs with 23 of the 33 communities situated on the EJ&E in Illinois and Indiana. CN, which completed its purchase of the EJ&E on Jan. 31, 2009, will provide funding for various measures in Long Grove, including maintenance of an existing quiet zone, and emergency response training and communication. Jim Vena, CN
Canadian National
Port of Quebec, Terminals and CN Work to Reduce Quebec City-Toronto Transit Times by 30 Percent
MONTREAL — The Port of Quebec, a terminal operator at the port, and CN said a service arrangement that will reduce transit times for shipments destined to Toronto to 38 hours from 53 hours, an improvement of almost 30 per cent. The improvement resulted from the port and terminal operator agreeing to more consistent release times for shipments and CN adjusting schedules to expedite the movement of traffic over its network between Quebec City and Toronto. CN will explore opportunities to expedite the shipment by rail of other commodities moving over the Port of Quebec, including metals and minerals concentrates.
Canadian National
CN Announces Plan to Buy Back Shares Through Private Agreements
MONTREAL — CN said it intends to purchase for cancellation up to two million of its common shares pursuant to private agreements between CN and an arm’s-length third-party seller. The purchases will form part of CN’s 15-million share repurchase program announced on Jan. 26. Such purchases will be made pursuant to an issuer bid exemption order issued by the Ontario Securities Commission and will take place before the end of September 2010. The price that CN will pay for any common shares purchased by it under such agreements will be negotiated by CN and the seller and will be at
Canadian National
CN Conductors on Northern Quebec Internal Short Line Ratify Collective Agreement
MONTREAL — CN announced that train conductors represented by the Teamsters Canada Rail Conference (TCRC) on the Company’s Northern Quebec Internal Short Line have ratified a new five-year collective agreement. Retroactive to Dec. 15, 2007, the new labour contract applies to 48 conductors, providing them wage increases and benefit improvements.
Canadian National
CN, TSI Sign Service Level Agreement
MONTREAL — CN and TSI Terminal Systems Inc. announced the signing of a comprehensive Service Level Agreement (SLA). The agreement, which establishes specific performance targets and measurement tools, flows from the CN-TSI Supply Chain Collaboration Agreement announced last month that commits the parties to drive greater efficiencies and improve customer service at the Vancouver gateway. The CN-TSI SLA is designed to help improve a range of Key Performance Indicators for the benefit of mutual customers, including the on-time departure and arrival of trains, the utilization of train capacity, and the average dwell time of containers at TSI terminals, among other
Canadian National
CN, UTU Reach Tentative Labor Agreement on DM&IR territory
DULUTH, Minn. — CN said it has reached a tentative labor agreement with the United Transportation Union (UTU) for UTU-represented employees working on the Duluth, Missabe and Iron Range Railway Company (DM&IR). CN purchased the DM&IR as part of its May 2004 acquisition of the rail and marine holdings of Great Lakes Transportation LLC. The new labor pact, which is subject to ratification, would settle wage and work-rule issues for 74 trainmen for the period from January 2004 to September 2012. The agreement would replace the traditional mileage/ rule-based agreement with one based upon hourly wages and job security. Most