Canadian National
CN Donates $250,000 to Royal Alexandra Hospital
EDMONTON — CN announced a $250,000 donation to the Royal Alexandra Hospital Foundation in support of children’s health and community injury prevention. With this donation, CN and the Royal Alexandra Hospital have created the CN Injury Prevention Lecture Series featuring prominent Edmonton physician and safety expert Dr. Louis Francescutti. “Safety is a core principle at CN,” says Paul Miller, CN’s Chief Safety and Transportation Officer. “We have a strong history of working to promote health and safety, near railway tracks and in our communities, in playgrounds, in homes and schools across our system. We’re proud to partner with the Royal
STB to CN: Explain Discrepancies on Street-Crossing Blockages
WASHINGTON — The Federal Surface Transportation Board has directed Canadian National Railway Co. to come before the Board and explain the significant differences between information on street-crossing blockages in the Chicago area that the railroad has provided to the Board and the results of an independent audit conducted by the Board.
AAR: Rail Carload Freight Reaches Highest Level in More Than a Year
WASHINGTON — Carload freight volume on U.S. railroads reached its highest level in more than a year during the week ended Feb. 27, the Association of American Railroads reported. U.S. railroads originated 290,261 carloads during the week ended Feb. 27, up 2.6 percent from the comparable week in 2009 and the highest level reported since the week ended Dec. 6, 2008. However, the total was still down 13.5 percent from comparison week in 2008. In order to offer a complete picture of the progress in rail traffic, AAR now reports 2010 weekly rail traffic with comparison weeks in both 2009
CN Employees Raise Money for Haiti Relief Efforts
MONTREAL — CN’s employee relief fund for Haiti has generated more than C$460,000 for the Red Cross to assist the agency’s continued relief efforts in Haiti, following the devastating earthquake on Jan. 10. Claude Mongeau, president and chief executive officer of CN, said: “The needs for recovery in Haiti are enormous, and the response of CN’s employees in the wake of this tragedy is inspiring. The success of CN’s employee relief fund for Haiti is a testament to the generosity of our railroaders across North America. The earthquake has taken much from so many Haitians, and we are pleased to be
CN Announces New $100M Calgary Logistics Park
CALGARY — CN announced plans to establish a new $100-million CN Calgary Logistics Park in Conrich, located in Rocky View County north east of Calgary. The 680-acre park is planned to include a state-of-the-art intermodal terminal with room for customers to co-locate with CN and custom build their facility in place. The Logistics Park will be designed to include a multi commodity transload and warehouse facility, an automotive compound, and a liquid/bulk transload and distribution facility. The site is strategically located a few miles east of the Calgary Airport, on Twp Road 250/ McKnight Boulevard, providing fluid access to Stoney Trail
CN Reports Q4-2009 Net Income
MONTREAL — CN reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2009. Fourth-quarter and full-year 2009 highlights: — Net income and diluted earnings per share for the final quarter of 2009 increased two per cent from the year-earlier period to C$582 million and C$1.23, respectively. The results included an after-tax gain of C$59 million (C$0.12 per diluted share) from a line-sale to Metrolinx, a transit agency in Toronto, and a deferred income tax recovery of C$99 million (C$0.21 per diluted share). — Excluding these items, adjusted fourth-quarter 2009 net income was C$424 million,
Feds Announce New Safety Standards for Freight and Passenger Trains
WASHINGTON — U.S. Transportation Secretary Ray LaHood and Federal Railroad Administration (FRA) Administrator Joseph Szabo on Jan. 12 announced historic safety regulations requiring that Positive Train Control (PTC) technology be installed on the nation’s major rail lines as well as commuter and intercity passenger rail routes.