PROTECTOR® X is L.B. Foster’s newest wayside unit.Photo – L.B. Foster Co.
—Compiled by Michael Popke
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PROTECTOR® X is L.B. Foster’s newest wayside unit.Photo – L.B. Foster Co.
—Compiled by Michael Popke
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CN and mining company Teck Resources Ltd. today announced a long-term rail agreement for the shipping of steelmaking coal from Teck's four British of Columbia operations between Kamloops and Neptune Terminals, and other west coast ports.
The agreement, which runs from April 2021 to December 2026, will enable Teck to significantly increase shipment volumes through an expanded Neptune Terminals.
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CN announced today that its strike-recovery plan is on track and that the company is revising its 2019 full-year financial guidance to include the impact of the eight-day strike.
"Our discipline on our recovery plan is delivering results,” said JJ Ruest, president and chief executive officer of CN, in a press release. "While we expect to take some time and we remain dependent on favorable weather, we are pleased by how things are progressing."
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CN and the Teamsters Canada Rail Conference have reached a tentative contract agreement, ending a week-long strike of about 3,200 CN conductors and rail yard crews in Canada.
The agreement will allow CN employees to return to work at 2 p.m. local times today, with yard assignment to start at 6 a.m. local times Wednesday, CN officials said in a press release.
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In its first public statement since more than 3,000 of its train conductors and rail-yard workers went on strike earlier this week, CN today advocated for voluntary binding arbitration to help settle the collective bargaining impasse between the Class I and the Teamsters Canada Rail Conference (TCRC-CTY).
In a statement posted on the company's website, CN President and Chief Executive Officer JJ Ruest said the company has offered to present its arguments to a neutral arbitrator to end the contract dispute, and hopes the TCRC-CTY will do the same.
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CN announced today that Executive Vice President and Chief Information and Technology Officer Michael Foster will leave the company on Nov. 29.
He plans to move back to the United States to be close to his family and to pursue other career opportunities, CN officials said in a press release.
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CN deployed its first new-generation ATIP car in the third quarter on lines south of Chicago.Photo – CN
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CN yesterday rolled out its 2019-20 winter plan, which explains how the Class I expects to serve its customers during extreme operating conditions.
CN's investments in infrastructure and equipment have increased the resiliency of its network, as well as the railroad's ability to recover during extreme operating conditions, CN officials said in a press release.
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