Alberta's oil cuts backfire as crude-by-rail shipments collapse
UPDATE: CP grain train derailment claims three lives
Three dead as train tumbles from treacherous pass through Rockies
Taking the scenic route: on board with Rocky Mountaineer
CP grain train derailment claims three
CP Rail workers killed in B.C. derailment identified as Calgary-based crew
Alberta tar just can’t get no satisfaction
Derailment Dumps Grain, Wrecks Rail Cars
Via Rail expects decision on new Ontario-Quebec rail line this year
What Ottawa had done to improve rail transport of dangerous goods
CN Rail says that its operations are performing better than it expected so far in the second quarter after a rough winter that led to the replacement of its chief executive.
Chief financial officer Ghislain Houle told a transportation conference on Tuesday that volumes are up 14 per cent in the first two weeks of May after falling four per cent in the first quarter.
Demand is strong for frac sand, lumber, Canadian grain and coal, he said.
The Montreal-based railway says its port facility at Prince Rupert, B.C., is expanding faster than expected and should hit capacity two years ahead of schedule.
Houle says the operating performance will see a particular improvement in the fourth quarter after significant investments in the railway network, especially in Western Canada.
CN Rail increased its capital expenditures by $200 million to reach $3.4 billion, is qualifying hundreds of new conductors and buying 200 locomotives over the next three years.
Two days after CN Rail dumped its CEO in March, his interim replacement, Jean-Jacques Ruest, apologized for the railway’s poor performance last winter and promised immediate action to clear the backlog of grain shipments.
This article first appeared on www.thestar.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.