(Adds information on operating expense, carloads, background on CP's performance, estimates) April 23 (Reuters) - Canadian National Railway Co reported a 16.2 percent fall in first-quarter profit on Monday as operating expenses shot up and the railroad company cut its 2018 earnings outlook. The company said it now expects 2018 adjusted earnings C$5.10 to C$5.25,…
Posts published in “Day: April 24, 2018”
(Adds comments from CEO, company spokesman, analyst) April 23 (Reuters) - Canadian National Railway Co on Monday posted a 16.2 percent fall in quarterly profit as operating expenses shot up during the harsh winter, and the country's largest railroad cut its 2018 outlook as capacity limits strained its ability to meet high demand. The backlog…
CN will acquire 350 boxcars to serve an increase in demand from industrial customers across the Class I's North American network.Equipped with 12-foot plug doors, the leased, 50-foot, high-capacity plate F boxcars are expected to be delivered beginning in late summer with all the cars in service by the end of the year, CN officials…
General Electric Co. is in talks to sell its locomotive business to rail equipment manufacturer Wabtec Corp., Bloomberg reported late last week.GE is considering combining the GE Transportation business with Wabtec, which has a market valuation of $8 billion, Bloomberg reported citing people familiar with the matter. Bloomberg did not identify the individuals because the…
The passenger railroad is looking for a firm to build 32 bi-directional trainsets. Photo – VIA Rail Canda Inc. VIA Rail Canada Inc. has issued a request for qualifications (RFQ) for a supplier to replace its fleet that operates along the Quebec-Windsor corridor.The passenger railroad is looking for a firm to build 32 bi-directional trainsets…