The CEO of CN Rail plans to retire this winter, the railway announced on Tuesday, Oct 19. Jean-Jacques (JJ) Ruest will retire as president and chief executive officer, as well as board member for the company, at the end of January 2022 “or such later time as a successor has been appointed to ensure a… Read More
Tag: JJ Ruest
Canadian Pacific (CP) Railway’s plan to acquire Kansas City Southern (KCS) is one major step closer to becoming a done deal. The companies signed a merger agreement on Wednesday after rival Canadian National (CN) Railway waived its right to a five-day period to negotiate new terms with the coveted Kansas City-based railroad. The US$27.2 billion… Read More
Both of Canada’s major railways say they moved a record amount of grain during the 2020-21 crop year, which wrapped up on July 31. CN Rail says it moved just over 31 million metric tonnes of Canadian grain and grain products in hopper cars, exceeding its previous record of 29.4 million tonnes set in the… Read More
After setting a new grain shipping record in the 2019-20 crop year, CN Rail is raising the bar on the number of grain cars it’s committing to move on a weekly basis in the new crop year, which begins August 1, 2020. In CN’s federally-mandated grain shipping plan for 2020-2021 published this week, the railway… Read More
CN Rail has announced plans to acquire 1,500 new generation, high-capacity grain hopper cars with delivery starting in January of 2021. These new railcars will encourage economic recovery through job creation in the North American manufacturing sector, as well as help CN continue to meet the growing needs of grain farmers and grain customers, the… Read More
Rail blockades near Belleville, Ont. and in northern B.C. in support of a B.C. oil pipeline standoff in Wet’suwet’en territory will soon begin to significantly impact CN Rail’s network if they’re not removed, the company says. CN Rail notes the blockades are unrelated to CN’s activities, however the Belleville line is CN’s only eastern link… Read More
A tentative deal between the Teamsters union and the over 3,000 rail workers it represents and CN Rail will mean that normal rail operations are set to resume as early as today. A news release sent mid-morning on Tuesday says: “I’m pleased to announce we’ve reached a tentative agreement with CN,” says Francois Laporte, president… Read More
Crude oil shipments by rail in Canada are at record highs and forecast to continue climbing, as oil production has increased with no major expansion in export pipeline capacity. At the same time, executives for Canada’s two major railways say they intend to maintain rail capacity for grain. 198,788 barrels of oil per day were… Read More