Canadian National

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Canadian National

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,
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Canadian National

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.
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Canadian National

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
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Canadian National

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.
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Canadian National

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
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Canadian National

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
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Canadian National

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.
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BNSF

AAR Reports Rail Traffic Continues to Register Gains

September 4, 2009 Railfanning.org News Wire
WASHINGTON — The Association of American Railroads today reported that rail traffic continues to register incremental gains on a week-to-week basis, but remains down year over year. Rail carloadings were at their highest level since the week ended Dec. 13, 2008. For the week ended Aug. 29, 2009, U.S. railroads reported originating 285,580 cars, down 16.2 percent compared with the same week in 2008. Regionally, carloadings were down 16 percent in the West and 16.6 percent in the East. Intermodal traffic of 202,553 trailers or containers on U.S. railroads was down 15.6 percent from the same week last year. Container