Canadian National Railway Archives - Page 17 of 17

Freight rail news round-up

6 July 2020

A photograph of a train crossing a bridge.

From capital investment plans to a retirement to changes in fee schedules – here’s a round-up of some freight rail news items:

Railway Supply Institute head to depart

Mike O’Malley, president of the Railway Supply Institute (RSI), is leaving the group he heads at the end of the month.

O’Malley, who has served as RSI’s president since early 2018, will be pursuing opportunities outside of the Washington, D.C. area where RSI is based.

RSI is a trade association representing 200 rail suppliers in...

https://s29755.pcdn.co/news/freight-rail-news-round-up

CN to invest $310 million in Ontario assets

30 June 2020

A photograph of tall cranes lifting an intermodal container. That container is stacked on top of another container.

Canadian railway CN (NYSE: CNI) expects to spend C$310 million in capital improvements across the Province of Ontario in 2020. (The Canadian dollar is currently valued at US$0.73.)

The investment is on top of nearly C$1 billion in project and maintenance funding for CN’s facilities and assets in British Columbia, Alberta and Quebec.

The funding improvements will go towards intermodal facilities, the replacement of rail and ties, and the maintenance of bridges, level crossings, culverts, signal...

https://s29755.pcdn.co/news/cn-to-invest-310-million-in-ontario-assets

CN plans nearly C$1 billion in capital projects

29 June 2020

A photograph of a train crossing a bridge. There is mountain range behind the train, and the bridge is in the middle of a forest.

Canadian railway CN (NYSE: CNI) is investing C$985 million (US$720.1 million) in capital improvement projects in the provinces of Alberta, British Columbia and Quebec in 2020.

The capital projects come as CN has laid out its long-term intentions to bolster its eastern operations while also expanding network capacity in western Canada to handle greater export volumes. CN’s overall capital budget for 2020 is $2.9 billion, and executives have said that CN will use the lower-volume environment of...

https://s29755.pcdn.co/news/cn-plans-nearly-c1-billion-in-capital-projects

Class 1 railroads may make some cost-cutting measures permanent

16 June 2020

A photograph of a train in a rail yard. There are electricity lines above the train and behind it.

The Class I railroads are considering retaining some of the measures they implemented to scale down operations as a result of the coronavirus pandemic, according to comments some executives have made at recent industry conferences.

“I’m very confident that as we do add back resources, we will not add them back on a one-to-one basis,” said CN (NYSE: CNI) Chief Financial Officer Ghislain Houle at the Deutsche Bank 11th Annual Virtual Global Industrials & Materials Summit on June 9.

Houle was...

https://www.freightwaves.com/news/class-1-railroads-may-make-some-cost-cutting-measures-permanent

CN benefits from British Columbia’s growing propane exports

11 June 2020

A photograph of a train on a bridge that's crossing a lake.

Three vessels carrying Canadian propane destined for international markets departed from AltaGas’ Ridley Island Propane Export Terminal on Thursday, beating a previous record by 50%, according to CN (NYSE: CNI). CN exclusively serves the facilities at the Port of Prince Rupert, which is where the AltaGas Ridley Terminal is located.

The terminal has moved over 1 million metric tonnes of propane since it launched in May 2019. The increase in propane export volumes comes amid ongoing capacity...

https://s29755.pcdn.co/news/cn-benefits-from-british-columbias-growing-propane-exports

Canadian railroads shatter previous May grain records

3 June 2020

A photograph of railcars and hopper cars lined up on rail tracks.

Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) beat previous records for grain volumes hauled in May despite the coronavirus pandemic.

CP hauled 2.8 million metric tonnes (MMT) of Canadian grain and grain products in May, beating a previous record set in May 2014 by more than 300,000 metric tonnes.

Since the 2019-2020 crop year began on August 1, 2019, CP has moved 24.17 MMT as of May 31, which is 7.3% higher than the same period for the 2018-2019 crop year and 10% higher than its three-year...

https://www.freightwaves.com/news/canadian-railroads-shatter-previous-may-grain-records

Canada’s Class I railroads ship record grain volumes in April

24 May 20207 May 2020

A photograph of a train hauling railcars. There are city buildings in the distance.

Despite the COVID-19 pandemic threatening to disrupt supply chain flows, the Canadian railways boasted record volumes of grain shipped in April.

Canadian National (NYSE: CNI) moved 2.73 million metric tonnes (mmt) in April, beating an April record of 2.72 mmt from 2019. The railway also moved 6.59 mmt in the first quarter of 2020, which the company said was its second-best first-quarter grain movement ever.

Since the start of the 2019-2020 crop year on Aug. 1, Canadian National (CN) has moved...

https://s29755.pcdn.co/news/canadas-class-i-railroads-ship-record-grain-volumes-in-april

Toronto rail ramp change for exports to Newark & Phila

14 January 2020

Effective 2 January, 2020, all Dry exports moving on the Canadian National Railway from the Toronto Brampton ramp and loading at the ports of Newark and Philadelphia were switched to begin departing from the Toronto Malport ramp.

Refrigerated cargo will continue to load at Brampton, and imports from the ports of Newark and Philadelphia going to Toronto will continue to arrive at the Brampton ramp. This is strictly a rail ramp change for export Dry cargo, and there is no change to schedules or...

https://container-news.com/toronto-rail-ramp-change-exports-newark-phila/

Port of Quebec, Hutchison Ports and CN sign agreement for new container terminal

29 May 2019

The Québec Port Authority (“QPA”) announces the signing of a long-term commercial agreement with Hutchison Ports, the world’s leading port network, and CN (Canadian National Railway), the leading North American transportation and supply chain company, to build and operate the new container terminal, known as project Laurentia (previously Beauport 2020).

This agreement increases Hutchison Ports’ global network to 52 ports spanning 27 countries including the United Kingdom, Spain, Poland, Sweden,...

https://container-news.com/port-quebec-hutchison-ports-cn-new-container-terminal/

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