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Stock Market & Financial Investment News

News Breaks
January 24, 2014
09:08 EDTCNICanadian National, New Brunswick commit to preserve rail freight service
The Province of New Brunswick and CN have reached an agreement to preserve rail freight service on the line in northern New Brunswick Under the agreement, the Province of New Brunswick will invest up to $25M in rail infrastructure improvements to the Newcastle subdivision. CN will in turn spend a comparable amount to maintain and operate the line, ensuring continued rail freight service for a 15-year period on the northern and southern sections of the rail line: between Irvco, N.B., and Nepisquit Junction, N.B., in the north and between Catamount, N.B., and Nelson Junction in the south, where there are active rail freight customers.
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