Canadian National announced an upgrade to its Falcon Premium Intermodal Service. CN said recent operational changes by its business partner, Union Pacific, will remove a full day of transit time for customers using the Canada-US-Mexico service.
CN has published its 2022-2023 Winter Plan, which the company says sets out a wide range of initiatives to ensure the railroad has the capacity and resources to respond safely and efficiently to the needs of customers in the coming winter months.
The six Class I freight railroads participating in national bargaining have started taking steps to manage and secure hazardous and security-sensitive material shipments.
The Surface Transportation Board (STB) has approved CN’s sale to Watco of non-core lines and assets on approximately 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan.
Under the deal, CP agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD $31 billion. The deal includes the assumption of $3.8 billion of outstanding KCS debt.