MONTREAL — CN said it is acquiring more than 2,200 new freight cars in 2012, as well as 1,300 new containers, to support traffic growth and improve customer service. “CN is acquiring new freight cars and containers for a range of markets, including forest products, metals, minerals, coal, iron ore, steel, consumer goods, finished vehicles, and grain,” Jean-Jacques Ruest, executive vice-president and chief marketing officer, said. “These fleet additions will help us grow in line with our customers’ demands and ensure CN has the right mix of modern, productive assets.” CN’s largest rolling stock addition in 2012 is the acquisition
JACKSONVILLE, Fla. — The Alabama & Gulf Coast Railway (AGR), a RailAmerica Inc. company, is now serving a new crude oil-unloading terminal developed by Genesis Energy L.P. The Walnut Hill, Fla., terminal, which started service on Aug. 13 is designed to receive approximately 100-car unit trains of crude oil via the AGR from various shale regions in the U.S. and Canada. After being transported in unit trains along the AGR, the crude oil will be off-loaded into fixed storage tanks and then injected into an existing Genesis Energy, L.P. pipeline for direct deliveries to one refinery customer and indirect delivery,
TORONTO — CN has sold two rail line segments in the Greater Toronto Area to Metrolinx for $310.5 million Canadian. GO Transit’s Richmond Hill commuter rail service operates over a portion of CN’s Bala Subdivision. Metrolinx is acquiring a segment of the subdivision from approximately Rosedale Valley Road north through the Don Valley to CN’s main east-west freight line north of Steeles Avenue near the Toronto-York Region border. Metrolinx is also acquiring a segment of CN’s Oakville Subdivision from a point near 30th Street in the Etobicoke area of Toronto and terminating just west of the Fourth Line in Oakville,
MONTREAL — CN announced a major locomotive acquisition program to accommodate anticipated traffic growth and to improve operational efficiency, enabling the railway to better serve its customers. CN will acquire 65 new high-horsepower locomotives as well as 96 second-hand high-horsepower locomotives that will be upgraded. “CN’s locomotive acquisition program represents a balanced, capital-effective approach to handle expected volume growth over the next two to five years and to meet the locomotive requirements resulting from customer focused service plans,” Keith Creel, executive vice-president and chief operating officer, said. “The new and used motive power will enhance operational efficiency and reduce fuel
TORONTO — CN announced plans to construct two more extended sidings on its Northern Ontario main line this year, bringing its investments in seven long sidings in this corridor to more than C$30 million. Two additional extended sidings, costing a total of C$10 million, are planned for this main line in 2012.