Canadian National – Page 18

CN Reaches 20th Voluntary Mitigation Agreement

November 17, 2009 Railfanning.org News Wire

CHICAGO — CN announced a voluntary mitigation agreement (VMA) related to its acquisition of the principal lines of the former Elgin, Joliet and Eastern Railway Company (EJ&E) with the Village of Lake Zurich, Ill., located 37 miles northwest of downtown Chicago. With this agreement, CN has VMAs with 20 municipalities that are home to two-thirds of the population living along the EJ&E in Illinois and Indiana. CN’s latest VMA will provide funding for a range of environmental measures, including rail noise mitigation, maintenance of an existing quiet zone, emergency response training, safety initiatives, and improved communication. CN completed its EJ&E acquisition on Jan. 31, 2009, and, while traffic volumes overall

CN EVP-Sales and Marketing Leaving Railroad

November 9, 2009 Railfanning.org News Wire

MONTREAL — CN announced that James M. Foote, CN executive vice-president, Sales and Marketing has decided to leave the Company after 14 years at CN. “Jim has been a key player at CN since the Company’s privatization,” E. Hunter Harrison, president and chief executive officer, said. “Since 2000, Jim has been responsible for the strategic direction and leadership of the Company’s Sales and Marketing group and made tremendous contributions to CN over the years.” Jean-Jacques Ruest, CN senior vice-president, Marketing and Stan Jablonski, CN senior vice-president, Sales, as well as the Sales and Marketing organization as a whole, will report directly to the CEO, Hunter Harrison until year-end, following which

Berkshire Hathaway to Buy BNSF

November 3, 2009 Railfanning.org News Wire

FORT WORTH, Texas — The boards of directors of Berkshire Hathaway Inc. and Burlington Northern Santa Fe Corp. announced a definitive agreement for Berkshire Hathaway to acquire for $100 per share in cash and stock the remaining 77.4 percent of outstanding BNI shares not currently owned to increase its holdings to 100 percent. Based on the number of outstanding BNI shares — including shares currently owned by Berkshire — on Nov. 2, the transaction is valued at approximately $44 billion, including $10 billion of outstanding BNSF debt, making it the largest acquisition in Berkshire Hathaway history.

Genesee & Wyoming Reports Q3 2009 Results

November 3, 2009 Railfanning.org News Wire

GREENWICH, Conn. — Genesee & Wyoming Inc. reported net income in the third quarter of 2009 of $21.7 million, compared with net income of $21.2 million in the third quarter of 2008. GWI’s diluted earnings per share (EPS) in the third quarter of 2009 were $0.53 with 41.2 million weighted average shares outstanding, compared with diluted EPS of $0.58 with 36.6 million weighted average shares outstanding in the third quarter of 2008. GWI’s income from continuing operations in the third quarter of 2009 was $19.6 million, or $0.48 per diluted share, compared with income from continuing operations of $20.1 million, or $0.55 per diluted share in the third quarter of

CN, Teamsters Adjourn Negotiations, Plan to Resume Talks in Nov.

October 24, 2009 Railfanning.org News Wire

MONTREAL — CN and the Teamsters Canada Rail Conference agreed to adjourn negotiations and are scheduled to resume talks with the assistance of federal mediators during the week of Nov. 16. The company and union remain optimistic that they can negotiate a new collective agreement for 1,700 CN locomotive engineers in Canada without labor disruption, officials said. The current agreement between the parties expired on Dec. 31, 2008.

CN Orders 70 New High-Horsepower Locomotives From GE, EMD

October 21, 2009 Railfanning.org News Wire

MONTREAL — CN announced orders for 70 new high-horsepower locomotives from GE Transportation, a unit of General Electric Co. (GE), and Electro-Motive Diesel, Inc. (EMD). CN will acquire 35 ES44DC locomotives from GE starting in the fourth quarter of 2010, and 35 SD70M-2s from EMD beginning in January 2011. The GE locomotives produce 4,400 horsepower and the EMDs 4,350 horsepower. The new units are part of CN’s multi-year locomotive-renewal program aimed at continuously increasing fuel efficiency, improving service reliability for its customers, and reducing greenhouse-gas emissions. The new locomotives are 15-20 per cent more fuel-efficient than the ones they will replace and will comply fully with the latest regulatory requirements

Claude Mongeau Appointed a CN Director

October 20, 2009 Railfanning.org News Wire

MONTREAL — Canadian National announced that its Board of Directors has appointed Claude Mongeau as a director of the Company, effectively immediately. Mongeau, executive vice-president of CN, will succeed E. Hunter Harrison as CN president and chief executive officer on Jan. 1, 2010. Mongeau’s appointment increases the size of CN’s board to 12, of whom 10 are outside directors. Mongeau is also a director of SNC-Lavalin Group Inc.

CN Completes $100 Million Memphis Yard Reconstruction

September 24, 2009 Railfanning.org News Wire

MEMPHIS, Tenn. — CN announced the completion of the $100 million multi-year construction project to reconfigure and modernize its Memphis rail classification yard. “This project transformed an aged, inefficient rail yard into a state-of-the-art, effectively designed major terminal capable of handling existing and future traffic quickly and efficiently,” said CN executive vice-president Claude Mongeau, who will succeed retiring president and chief executive officer E. Hunter Harrison on Jan. 1, 2010. “Today’s yard can handle nearly double the traffic the old facility could in a 24 hour period.” Memphis, a major freight distribution hub, is a key operating center on CN’s North American network. It is an important destination for freight

CN Announces Enhanced Calculator to Estimate Greenhouse Gas-Emissions for Multi-Modal Shipments

September 23, 2009 Railfanning.org News Wire

MONTREAL — CN has unveiled an upgraded on-line greenhouse gas-emissions (GHG) calculator that estimates total carbon emissions for shipments across multiple modes of transportation. The new calculator, located at http://www.cn.ca/ghg_calculator, generates carbon-emission estimates for shipments using a combination of vessel, rail and truck – such as containers moving internationally from Asia to North American destinations along CN’s network — or domestic shipments using a combination of rail and truck or a single mode of transportation. “CN is more than a railway – today we offer the marketplace total transportation solutions involving rail, truck, vessel, as well as warehousing and distribution services,” said Normand Pellerin, CN assistant vice-president, Environment. “Our enhanced

CN Opens Toronto Auto Compound

September 12, 2009 Railfanning.org News Wire

TORONTO — CN opened a new Toronto Automotive Compound at MacMillan yard north of Toronto. The new facility’s track layout will accommodate the unloading of 60 auto-carrying rail cars at once, compared with 27 unloading spots at the former compound at Mac Yard, and will have room to park up to 4,500 vehicles. A planned phase two expansion of the compound will provide parking for 6,000 cars and/or trucks. “Our Toronto Automotive Compound is a key facility in our vehicle distribution network in Ontario, the largest auto market in Canada,” said James Foote, executive vice-president, Sales and Marketing for CN. “Our new state-of-the-art facility will help CN increase the efficiency