Toronto – Page 2 – Railfanning.org

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.

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 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.

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.

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.

CN Grows Jet-Fuel Traffic at Toronto’s Pearson International Airport

July 21, 2009 Railfanning.org News Wire

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