03:59:09 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 641,982,078
Close 2024-03-06 C$ 171.58
Market Cap C$ 110,151,284,943
Recent Sedar Documents

FP/CP say court nixes CN's GTA rail hub plan

2024-03-06 09:32 ET - In the News

The Financial Post reports in its Wednesday, March 6, edition that a Federal Court decision has nixed Ottawa's approval of a massive rail-and-truck hub in the Greater Toronto Area. A Canadian Press dispatch to the Post reports that the ruling states that the federal government failed to grapple with whether Canadian National Railway's planned facility in Milton, Ont., will have a harmful effect on human health, particularly through its impact on air quality. The decision sets aside the green light issued by cabinet in January, 2021, and sends the $250-million project back to Ottawa for reconsideration. In the planning stage for years, it would see CN double its existing line and build a hub for containers to be loaded onto trucks from rail cars and vice versa in Ontario's Halton region. The facility would be used round the clock by diesel-powered trucks making 800 round trips per day as well as four trains hauled by locomotives also running on diesel, which contains toxic pollutants, the judgment notes. CN said Monday it is still reviewing the decision, but that the rail-and-truck hub would be a critical piece of infrastructure in Canada's busiest region.

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