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Stock Market & Financial Investment News

News Breaks
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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September 18, 2014
07:22 EDTCNICanadian National fined for missing grain quota, Globe and Mail reports
The Canadian government is imposing its first monetary penalty under the recently passed Fair Rail for Grain Farmers Act, fining Canadian National Railway for failing to move its required minimum amount of grain each week, said The Globe and Mail, which noted that a CN spokesman said the company had not been informed by the government about the fine. Reference Link

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