02:31:57 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 651,172,734
Close 2023-11-01 C$ 147.93
Market Cap C$ 96,327,982,541
Recent Sedar Documents

CN Rail acquires stake in CBNS Railway

2023-11-01 16:46 ET - News Release

Mr. Patrick Lortie reports

CN ANNOUNCES NOVA SCOTIA PARTNERSHIP WITH GENESEE & WYOMING

Canadian National Railway Company has acquired, from Genesee & Wyoming Inc., a stake in the Cape Breton & Central Nova Scotia Railway that includes 145 miles of active track.

"We are proud to be partnering with Genesee & Wyoming to serve existing customers on this line. This partnership will further reinforce CN's presence in Eastern Canada, where we believe there will be a growing role to play in the competitiveness of North American trade. It will also enable our network to reach new opportunities in the longer term, further advancing our strategic agenda of accelerating profitable, sustainable growth," said Patrick Lortie, senior vice-president and chief strategy officer at CN.

The CBNS railway, which interchanges with CN's main line at Truro, N.S., will continue to be operated by a Genesee & Wyoming subsidiary. This will ensure a seamless, safe and efficient continuation of service for customers.

About Canadian National Railway Company

CN is a world-class transportation leader and trade enabler. Essential to the economy, to the customers and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products and finished goods throughout North America every year. CN's network connects Canada's Eastern and Western coasts with the U.S. South through an 18,600-mile rail network; CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.

We seek Safe Harbor.

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