Canada – Page 4 – Railfanning.org

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.

CP Holiday Train Ream Helps Out at Daily Bread

November 28, 2010 Railfanning.org News Wire

TORONTO — Members of the 2010 CP Holiday Train going across Canada in support of local food banks will take advantage of a few hours of free time on Nov. 29 to roll up their sleeves for Toronto’s Daily Bread Food Bank, as well as bringing in some much-needed food donations.

Port of Quebec, Terminals and CN Work to Reduce Quebec City-Toronto Transit Times by 30 Percent

August 6, 2010 Railfanning.org News Wire

The Port of Quebec, a terminal operator at the port, and CN said a service arrangement that will reduce transit times for shipments destined to Toronto to 38 hours from 53 hours, an improvement of almost 30 per cent.

CN Announces Plan to Buy Back Shares Through Private Agreements

July 30, 2010 Railfanning.org News Wire

MONTREAL — CN said it intends to purchase for cancellation up to two 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 15-million share repurchase program announced on Jan. 26. 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 September 2010. 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

CN Announces Plan to Buy Back Shares Through Private Agreements

May 17, 2010 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.

CN Reports Q1 2010 Net Income

April 26, 2010 Railfanning.org News Wire

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

CN Sells Commuter Rail Line Segment West of Toronto Union Station to Metrolinx

March 31, 2010 Railfanning.org News Wire

MONTREAL — CN announced the sale of a key section of track west of Toronto Union Station to Metrolinx for C$168 million.

CN Reports Q4-2009 Net Income

January 26, 2010 Railfanning.org News Wire

MONTREAL — CN reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2009. Fourth-quarter and full-year 2009 highlights: — Net income and diluted earnings per share for the final quarter of 2009 increased two per cent from the year-earlier period to C$582 million and C$1.23, respectively. The results included an after-tax gain of C$59 million (C$0.12 per diluted share) from a line-sale to Metrolinx, a transit agency in Toronto, and a deferred income tax recovery of C$99 million (C$0.21 per diluted share). — Excluding these items, adjusted fourth-quarter 2009 net income was C$424 million,

Metrolinx Acquires Full Ownership of Toronto-Barrie Rail Commuter Corridor

December 15, 2009 Railfanning.org News Wire

Metrolinx purchased from CN the lower portion of the Newmarket Subdivision in central-north Toronto for C$68 million.

New CSX Intermodal Services Link Buffalo with Major East Coast Ports

September 25, 2009 Railfanning.org News Wire

BUFFALO, N.Y. — CSX Intermodal (CSXI) has begun two new international services that link Buffalo, N.Y., to the Port Authority of New York and New Jersey (PANYNJ) and Philadelphia, Pa. The services, which started Sept. 21, utilize the new CSXI Buffalo Terminal opened in 2008, with the support of the New York Department of Transportation and Erie County, increasing CSXI’s presence in the Buffalo and Toronto markets. On-dock service destined for Buffalo from the Elizabeth Marine Terminal (EMT) at the PANYNJ will be available on the second day after departure; Buffalo traffic destined for EMT will be available on the