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CN and NS announce MidAmerica Corridor

US.WEBTRAINS.NET
02/23/2009 AT 09:13

This initiative, when finalized through definitive agreements, will have three components. First, Norfolk Southern (NS) will haul CN freight between Chicago and St. Louis, reducing the distance between these points for CN shipments by 60 miles and providing improved connections to other rail carriers through the St. Louis gateway.

Second, NS will use CN's routes between St. Louis and Fulton, Ky., as part of a new, more efficient route from the Midwest to the Southeast, saving more than 50 miles on NS shipments.

Third, CN will haul NS freight between Chicago and Fulton, shortening NS's Chicago-to-Birmingham route by almost 100 miles. As part of the MidAmerica Corridor, CN and NS plan to create a new coal gateway at Corinth, Miss., to better link NS-served southeastern utility plants with CN-served Illinois Basin coal producers.

A key component of the new initiative is the West Tennessee Railroad between Fulton and Corinth, which will be upgraded to handle heavier shipments and additional rail traffic.

CN reports Q4-2008 net income of C$573 million

CN reported its financial and operating results for the quarter and year ended Dec. 31, 2008. Net income was C$573 million, or C$1.21 per diluted share, including a deferred income tax recovery of C$42 million, or C$0.09 per diluted share.

CN orders 40 new high-horsepower EMD locomotives

CN announced it has ordered 40 additional high-horsepower locomotives from Electro-Motive Diesel, Inc. (EMD) and secured an option for 50 more of the EMD locomotives.

CN orders 232 new iron ore cars

CN today the acquisition of 232 rapid-discharge ore cars and refurbishment of 500 existing ore cars as part of a long-term plan to upgrade the company's car fleet for transporting pelletized iron ore produced in the Upper Midwest.

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.

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