Canada – Page 3 – Railfanning.org

Wabtec Signs $45 Million Contract To Repower Locomotives For Toronto’s Metrolinx

August 24, 2012 Railfanning.org News Wire

WILMERDING, Pa. — Wabtec Corp.’s MotivePower subsidiary has signed a $45 million contract with Metrolinx, an agency of the Province of Ontario and the regional transportation authority for the Greater Toronto and Hamilton Area (GTHA). MotivePower will repower 11 locomotives with new engines and propulsion systems that meet significantly higher environmental standards. Deliveries are expected to begin in 2014. The locomotives, originally built by MotivePower about five years ago, will be repowered with new engines that meet Tier 4 emission standards, as set by the U.S. Environmental Protection Agency. They include technology that reduces diesel particulate emissions by about 85

CN Sells Greater Toronto Area Rail Lines to Metrolinx for GO Transit Services

March 27, 2012 Railfanning.org News Wire

TORONTO — CN has sold two rail line segments in the Greater Toronto Area to Metrolinx for $310.5 million Canadian. GO Transit’s Richmond Hill commuter rail service operates over a portion of CN’s Bala Subdivision. Metrolinx is acquiring a segment of the subdivision from approximately Rosedale Valley Road north through the Don Valley to CN’s main east-west freight line north of Steeles Avenue near the Toronto-York Region border. Metrolinx is also acquiring a segment of CN’s Oakville Subdivision from a point near 30th Street in the Etobicoke area of Toronto and terminating just west of the Fourth Line in Oakville,

CN Invests in Extended Sidings in Northern Ontario

July 19, 2011 Railfanning.org News Wire

TORONTO — CN announced plans to construct two more extended sidings on its Northern Ontario main line this year, bringing its investments in seven long sidings in this corridor to more than C$30 million. Two additional extended sidings, costing a total of C$10 million, are planned for this main line in 2012.

CN Increases Brampton Intermodal Terminal Capacity

May 17, 2011 Railfanning.org News Wire

TORONTO — CN announced a series of capacity improvements to accommodate growing container volumes at its Brampton Intermodal Terminal (BIT) and to ensure a high level of service for intermodal customers across its system.

CN Reports Q1-2011 Net Income

April 26, 2011 Railfanning.org News Wire

MONTREAL — CN reported its financial and operating results for the first quarter ended March 31.

CN Acquires 1,000-Plus Domestic Containers

April 11, 2011 Railfanning.org News Wire

TORONTO — CN announced the acquisition of more than 1,000 new domestic containers to better serve manufacturers and distributors of grocery and consumer goods in domestic markets across Canada and grow the railway’s participation in the segment.

Metrolinx Acquires Commuter Rail Segment of CN’s Kingston Subdivision

March 30, 2011 Railfanning.org News Wire

TORONTO — Metrolinx has purchased a section of CN’s Kingston Subdivision rail line, used primarily for commuter and passenger rail operations in eastern Toronto, for C$299 million.

CN Announces Plan to Buy Back Shares

February 4, 2011 Railfanning.org News Wire

MONTREAL — CN said it intends to purchase for cancellation up to three million of its common shares pursuant to private agreements between CN and an arm’s-length third-party seller. The purchases will form part of CN’s 16.5-million share-repurchase program announced on Jan. 25, 2011. Such purchases will be made pursuant to an issuer bid exemption order issued by the Ontario Securities Commission and will take place before the end of March 2011. The price that CN will pay for any common shares purchased by it under such agreements will be negotiated by CN and the seller and will be at a discount

CN Announces New Share Repurchase Program

January 25, 2011 Railfanning.org News Wire

MONTREAL — CN announced that its Board of Directors has authorized a normal-course-issuer bid to purchase, for cancellation, up to 16.5 million, or 3.6 per cent, of the common shares issued and outstanding of the Company on Jan. 17, 2011. Approximately 459.6 million CN common shares were issued and outstanding on that date. The price to be paid by CN for any common shares will be the market price at the time of acquisition, plus brokerage fees, or such other price as the Toronto Stock Exchange (TSX) may permit. CN recently completed a share repurchase program announced in January 2010, under which

CN to Launch EcoRide in April

January 10, 2011 Railfanning.org News Wire

TORONTO — CN said it will launch EcoRide, a new container chassis expected to reduce fuel consumption in CN’s trucking of containers to and from its intermodal terminals by eight to 10 percent. EcoRide is expected to launch in April 2011.