MONTREAL — CN reported its financial and operating results for the second quarter and first half ended June 30.
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Canadian National Headlines CN Invests in Extended Sidings in Northern Ontario 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. CN: New Fuel Efficiency Program at the Heart of Sustainability Agenda MONTREAL — CN is deriving clear gains from its Fuel Management Excellence (FMX) program, which drives both fuel efficiency and environmental benefits. Mongeau: CN Investing to Buy, Rehabilitate Four Short Lines EDMONTON — Claude Mongeau, president and chief executive officer of CN, said the company will have invested almost C$400 million to buy and rehabilitate four short-line railways serving resource-rich regions of northern Alberta by year-end 2011. CN to Sell Assets of IC RailMarine Terminal NEW ORLEANS — CN announced a definitive agreement to sell substantially all of the assets of IC RailMarine Terminal Company (ICRMT) to Raven Energy an affiliate of Foresight Energy LLC and the Cline Group for $73 million. CN to start construction of Calgary Logistics Park in summer 2011 CALGARY — CN said that construction of its new Calgary Logistics Park, an investment of approximately C$200 million, will start this summer with target completion by year-end 2012. The project was first announced in February 2010. CN earns 2010 TRANSCAER National Achievement Award MONTREAL — CN was awarded the TRANSCAER (Transportation Community Awareness and Emergency Response) National Achievement Award at a ceremony in St. Louis. CN Increases Brampton Intermodal Terminal Capacity TORONTO — CN announced a series of capacity improvements to accommodate growing container volumes at its Brampton Intermodal Terminal (BIT) and to ensure a high level of service for intermodal customers across its system. CN Makes Investments to Increase Capacity EDMONTON — CN announced major investments to double track key segments of its high-volume main line east of Edmonton, add capacity to its rail line to the oil sands region of northern Alberta, and improve velocity at its Walker Yard freight car classification facility in Edmonton. |
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