CN Sells Oakville-Burlington, Ont., Line Segment to Metrolinx

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.

A $2-billion private-public partnership between Canadian Pacific Railway and the federal government could take more than a million trucks a year off Highway 401 between Montreal and Toronto, and lay the foundation for high-speed intercity passenger rail service, the railway’s chief executive officer said here today.

MONTREAL — CN said it intends to purchase for cancellation up to three 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 16.5-million share-repurchase program announced on Jan. 25, 2011. 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 March 2011. 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 a discount