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CN orders 232 new iron ore cars

11/06/2008 AT 07:47

Delivery of the new ore cars will start in January 2009, permitting the retirement of the same number of older cars.

The refurbishment of 500 existing ore cars is underway and includes the installation of new trucks and couplers, modernizing the braking system and repairing outlet gates.

CN's existing iron-ore fleet consists of almost 2,200 cars. CN foresees acquiring more new iron ore cars over the next three to five years and refurbishing another 500 cars next year. In the years ahead the new cars will permit the retirement of an equivalent number of cars.

James Foote, CN executive vice-president, Sales and Marketing, said: “CN's iron ore business in the U.S. is performing well and we anticipate continued strength in this market segment in future. That's why we think the time is right for CN to acquire new iron-ore cars and to rebuild other cars to extend their service lives.

“Our fleet renewal program will increase rail efficiency and deliver better service to our iron-ore customers, who are important economic forces and employers in northern Minnesota and northern Michigan.”

CN hauls pelletized iron ore in unit trains from three mines in northern Minnesota and one in Michigan primarily to Great Lakes ports for transportation to North American steel producers. Some traffic moves on all-rail routes, and some is moved to export position for overseas markets.

CN urges STB approval of EJ&E acquisition

CN urged the Surface Transportation Board (STB) to promptly approve its proposed acquisition of the principal lines of the Elgin, Joliet & Eastern Railway Company (EJ&E), pointing to planned mitigation efforts and the significant economic and environmental benefits to the overall Chicago region.

CN offers new intermodal service

The new service will appeal to forest products producers and manufacturers seeking cost-effective transportation to key markets in Ontario and Western Canada.

De-regulating rail key to further improvements

Canada must stay on the path toward a fully de-regulated grain transportation environment to drive innovation and investments critical for increased efficiency in the system, says a top CN marketing executive.

Velaro CN loaded on board a ship in Bremerhaven

The first vehicles of the Velaro CN eight-car train, China's first high speed train, have meanwhile been loaded on board a ship in Bremerhaven.

CN and Canadian Pacific sign routing protocol

Under the protocol, CN and CP have established a structured plan to direct flows of interline traffic through the most efficient interchange locations. Implementation of the agreement is well underway.

Canada's new government revitalizes inter-city

The Honourable Lawrence Cannon, Minister of Transport, Infrastructure and Communities, along with the Honourable Jim Flaherty, Minister of Finance, today announced a new funding package for VIA Rail Canada Inc., a Crown corporation, to revitalize inter-city passenger rail services in Canada.

Sale of Central Station Complex in Montreal

CN announced today they have reached an agreement under which Homburg Invest will purchase the Central Station Complex (CSC) in Montreal and CN will leaseback its corporate headquarters building and Central Station railway passenger facilities.

Gearing up for Back to School

With back-to-school jingles and sales beginning, students are budgeting their hard-earned summer funds with a year full of activities in mind.

UTU labor agreement on former WC

CN said United Transportation Union (UTU) members on its former Wisconsin Central (WC) territory have ratified a new collective labor agreement providing general wage increases through mid-2011.

CN plans sale of Central Station in Montreal

CN announced today plans to sell its Central Station Complex (CSC) in Montreal, and to lease back its corporate headquarters building and the railway passenger facilities of the station, two key components of the CSC.

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