Canadian National

CN to shareholders: ‘We are not in the OR business’

After months of taking a beating from the Surface Transportation Board on it’s proposed merger with Kansas City Southern, along with a salvo of criticism and expression of interest in achieving a controlling interest in the railroad by TCI, a hedge fund based in the United Kingdom, Canadian National’s board of directors fired back today with a strongly-worded letter to shareholders and the investment community.

CN CEO Jean-Jacques (JJ) Ruest to retire

CN announced on October 19 that Jean-Jacques (JJ) Ruest will retire as president and chief executive officer and as a member of the Board of Directors of the Company, effective as of the end of January 2022, or such later time as a successor has been appointed to ensure a flawless transition.