GFM Network News


CN reports grain movement back at pre-strike pace

Canadian National Railway’s grain shipping is back to its pre-strike pace, the railway says. “By the second week of December (week 19), CN returned to shipping at peak levels, as well as taking on all customer hopper demand for the second and third weeks of December,” Montreal-based CN said in a release Thursday. “Despite a […] Read more

CN strike to weigh on railway’s 2019 profit

Reuters — Canadian National Railway on Tuesday cut its adjusted profit growth target for 2019, citing shipment delays from the country’s largest rail strike in a decade that ended last week. Shares in CN, which counts billionaire Bill Gates’ investment firm as its biggest shareholder, fell almost two per cent in morning trading in both […] Read more


CN, Teamsters reach deal to end strike

Montreal | Reuters — Teamsters Canada and Canadian National Railway on Tuesday said they reached a tentative deal to end a strike at the country’s largest railroad that had entered its eighth day, disrupting supply chains across the country. “We have a deal,” a CN spokesman said. The union said normal operations will resume on […] Read more



CN and 4-H Canada renew leadership program

Youth: News Roundup from the January 2019 issue of Canadian Cattlemen

Canadian National (CN) Rail and 4-H Canada announced the renewal of the 4-H Canada Leadership Excellence Awards of Distinction program during Canadian Western Agribition in Regina. The program offers scholarships and mentorship opportunities to 4-H members pursuing post-secondary education. Over the next four years, CN will commit $600,000 to the program. Shannon Benner, CEO of […] Read more

CN’s grain handle up in record quarter

Traffic in Canadian National Railway’s grain and fertilizers segment rose eight per cent in its latest quarter, helping the company to record quarterly revenue. Montreal-based CN on Oct. 23 reported net income of $1.134 billion on $3.688 billion in revenues for its quarter ending Sept. 30, up from $958 million on $3.221 billion in its […] Read more


Grain handle drops in CN’s first quarter

Reduced traffic in grain, fertilizers and petroleum, against increased costs from “challenging operating conditions,” ate into the first-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Monday booked net income of $741 million on total revenues of $3.194 billion for its quarter ending March 31, down from $884 million on $3.206 billion in […] Read more

CN CEO Luc Jobin steps down abruptly

Reuters — Canadian National Railway (CN) CEO Luc Jobin stepped down abruptly on Monday, as the board looks to “energize” the railroad’s leadership amid a major supply crunch that has hurt profits and angered customers. “The board believes the company needs a leader who will energize the team, realize CN’s corporate vision and take the […] Read more


CN’s Q4 grain handle down in ‘challenging conditions’

U.S. income tax reform more than offset “challenging” conditions, including reduced grain handle, in Canadian National Railway’s fourth fiscal quarter. Montreal-based CN on Tuesday reported net income of $2.611 billion on total revenues of $3.285 billion for its fourth quarter ending Dec. 31, up from $1.018 billion on $3.217 billion in the year-earlier Q4. The […] Read more

Grain handle helps lift CN quarterly revenue

An increase in Canadian grain traffic helped support Canadian National Railway’s third-quarter revenues, though the costs of increased traffic ate at its bottom line. Montreal-based CN on Tuesday reported net income of $958 million on total revenues of $3.221 billion for the quarter ending Sept. 30, down from $972 million on $3.014 billion in the […] Read more