The Association of American Railroads reported that recent rail traffic gains have slowed in the week preceding the Labor Day Holiday. For the week ended Sept. 5, 2009, U.S. railroads reported originating 284,715 cars, down 6.7 percent compared with the same week in 2008. Regionally, carloadings were down 7.1 percent in the West and 6.0 percent in the East.
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
MONTREAL is developing a fast-growing business supplying jet fuel to airlines serving Toronto’s Lester B. Pearson International Airport. The effectiveness of CN’s rail pipeline for jet fuel to Pearson prompted the construction of a new Jet Fuel Rail Offloading, Storage and Distribution Facility near the airport, adjacent to CN’s Malport rail yard in northwest Toronto. “The changing dynamics of jet-fuel supply for airlines serving Pearson airport now require the carriers to strategically source fuel across the globe, and this has opened the door to rail to play an increasingly important role in these longer supply chains,” said James Foote, executive
MONTREAL — CN announced that its Board of Directors has approved a third-quarter 2009 dividend on the Company’s common shares outstanding. A quarterly dividend of 25.25 cents per common share will be paid on Sept. 30, to shareholders of record at the close of business on Sept. 9. — PRNewswire-FirstCall
WASHINGTON — The Association of American Railroads reported that U.S. railroads originated 1,039,889 carloads of freight in June 2009, down 19.7 percent with 255,668 fewer carloads, compared with June 2008. U.S. intermodal rail traffic – comprising trailers and containers on flat cars that are not included in carload figures – totaled 755,000 units in June 2009, down 18.2 percent compared with the same period last year with 168,031 fewer trailers and containers, the association said. For the first six months of 2009, total U.S. rail carloadings were down 19.5 percent (1,594,411 carloads) to 6,579,294 carloads, while intermodal traffic was down
SAULT STE. MARIE, Ontario — CN and the Sault Ste. Marie Economic Development Corp. (SSMEDC) announced today an agreement to acquire locomotives and passenger cars to re-equip the Agawa Canyon Tour Train that runs north of The Sault into spectacular Canadian Shield country. CN, the operator of the tour train, is acquiring three Electro-Motive F-40 locomotives, eight coaches, two cafe/lounge cars, three club cars and a presentation coach from Ansco Investment Company of Denver, Colo. The fleet renewal will include the refurbishment of the Ansco cars, as well as two existing CN passenger dome cars. The re-equipped train will accommodate
CHICAGO — Canadian National announced a voluntary mitigation agreement with the City of Elgin, Ill., addressing the municipality’s issues with CN’s acquisition of the principal lines of the former Elgin, Joliet and Eastern Railway Company (EJ&E). CN completed the acquisition on Jan. 31, 2009, and is running trains over the line. Under the agreement with Elgin, CN will provide funding for noise mitigation, emergency response training, and measures to maintain existing quiet zones. CN now has voluntary mitigation agreements with 16 municipalities that are home to more than 50 per cent of the population along the EJ&E in Illinois and
MONTREAL — E. Hunter Harrison, president and chief executive officer of CN, announced the appointment of Luc Jobin, C.A., as the executive vice-president and chief financial officer of the company effective June 1. Jobin, 50, will be responsible for financial management and strategic planning at CN. Jobin will succeed Claude Mongeau, whom the CN board of directors recently selected to become CN president and chief executive officer effective Jan. 1, 2010. Between June 1 and yearend, Mongeau will act as executive vice-president, spending most of his time in the field broadening his knowledge of CN’s network and operations before assuming
CALGARY — David G. A. McLean, chairman of the board of directors of CN, announced the board’s selection of Claude Mongeau to succeed E. Hunter Harrison as president and chief executive officer of the company at the end of 2009. Mongeau, 47, currently CN’s executive vice-president and chief financial officer, has held successively senior positions since joining the company in 1994. McLean said: “CN’s board of directors is delighted to announce the selection of Claude Mongeau. The board thoroughly reviewed the company’s future strategic priorities and the skills and attributes required of our new CEO. We are confident that Claude
WASHINGTON — The Surface Transportation Board said that Canadian National Railway Company has filed its first compliance reports pursuant to the Board’s oversight of CN’s acquisition of the Elgin, Joliet & Eastern Railway Company in Canadian National Railway and Grand Trunk Corp. — Control — EJ&E West Co. The Board approved the acquisition on Dec. 24, 2008, subject to environmental mitigation and other reporting conditions, which require CN to submit monthly operational reports and quarterly environmental reports to the Board during a five year oversight period. CN’s monthly operating report includes data detailing train volumes, accidents and incidents, and street
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