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Stock Market & Financial Investment News

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March 25, 2014
15:01 EDTCNICN announces plan to phase out company fleet of DOT-111 tank cars
Earlier today, Canadian National annouced it is carrying out a gradual phase-out of its small fleet of 183 legacy DOT-111 tank cars used to transport diesel fuel for its locomotives to yard terminals. CN is investing C$7M to replace all the DOT-111 tank cars it owns outright with 40 new tank cars meeting the latest regulatory standards by the end of this year. The remaining 143 leased DOT-111 cars will also be replaced with a gradual phase-out plan completed as leases mature over the next four years.
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