Canadian National Railway
CN rail workers strike as talks break down PDF Print E-mail
Written by Reuters   
Saturday, 28 November 2025 00:00

TORONTO, Nov 28 (Reuters) - Locomotive engineers at Canada's largest railway walked off the job on Saturday after talks broke down, but Canadian National Railway (CNR.TO) (CNI.N) said it was using management and non-union staff to provide "the best possible service under the circumstances."

CN spokesman Mark Hallman said the strike started overnight after the breakdown of talks with the Teamsters Union. "We have deployed our contingency plan," he said.

Dan Shewchuk from the Teamsters Union could not say how long the strike might last.

The union also said said commuter train services in the Montreal area would not be affected.

The engineers have been without a contract since Dec. 31, 2008, and CN unilaterally imposed new work conditions on Monday, describing this as the only way to break a deadlock.

Hallman declined to say how many trains were running, or indicate the possible impact the strike might have on CN results. Canada's rail network is heavily used by grain shippers and other exporters of raw materials.

 
CN reports lower 2009 third quarter net income PDF Print E-mail
Written by Candian National   
Wednesday, 21 October 2025 00:00
MONTREAL — CN today reported its financial and operating results for the third quarter ended Sept. 30, 2009.

Third-quarter 2009 highlights

* Net income declined to C$461 million, or C$0.97 per diluted share, from year earlier net income of C$552 million, or C$1.16 per diluted share, largely as a result of lower freight volumes stemming from depressed North American and global economies.

* Revenues declined 18 per cent to C$1,845 million, carloads declined 15 per cent to 1,032 thousand, and revenue ton-miles declined 11 per cent.

* Operating expenses declined 18 per cent to C$1,156 million, reflecting lower year over year fuel prices and cost-containment measures in response to lower traffic.

* Operating income declined 18 per cent to C$689 million, while the operating ratio was essentially flat at 62.7 per cent.

* Nine-month 2009 free cash flow increased to C$657 million from C$483 million generated during the comparable period of 2008. (1)
 
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