CN said it continues to review Union Pacific and Norfolk Southern’s amended merger application submitted to the Surface Transportation Board and will remain actively engaged in this process.
Mesabi Railroad LLC, a noncarrier, has filed a verified notice of exemption to operate a rail line in Itasca County, Minnesota, and associated sidetracks.
CN says it’s setting up a new “shelf” filing in Canada and the U.S. that would let it sell debt in either market over the next 37 months, replacing an earlier shelf prospectus and SEC registration statement that were due to expire May 3.
CN has moved more than 2.96 million metric tons of grain from Western Canada, setting a new record for March and achieving our highest-ever first-quarter results for grain movement.
Canadian National Railway reported improved financial results for the fourth quarter and full year ended Dec. 31, driven by higher revenues, higher operating income and continued efficiency gains.
CN has filed a motion with the Surface Transportation Board to compel additional information in relation to the proposed merger agreement between Union Pacific and Norfolk Southern.
CN said the application that Union Pacific and Norfolk Southern filed with the STB on Friday “fails to demonstrate that the merger would enhance competition or generate significant public benefits that would require a merger.”
CN announced the appointments of Patrick Whitehead as executive vice president and chief operating officer, and Janet Drysdale as executive vice president and chief commercial officer, effective immediately.