Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

CN to Appeal CTA Decision on Service Obligations

MONTREAL, April 15, 2019 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is in receipt of the decision made by the Canadian Transportation Agency (CTA) this afternoon with regard to possible freight rail service issues in the Vancouver area.

CN disagrees with the CTA’s conclusions which were based on the evidence submitted at hearings in Vancouver in January 2019 and intends to appeal the decision to the Federal Court of Appeal.

The sole breach identified by the Agency related to CN's September 2018 announcement of its intention to regulate the flow of traffic of wood pulp shipments in Vancouver during December 2018 for the purposes of avoiding congestion. CN maintains that this was an appropriate and necessary measure in the circumstances.

The focus of the Agency's investigation was possible freight rail service issues in the Vancouver area during the four month period of October 2018 to January 2019, and in particular congestion at CN's Thornton Yard. The Agency also concluded that CN's regulated flow of traffic at Thornton Yard was justified in the circumstances, as the traffic increases and congestion issues which prompted the embargoes were beyond CN's control. The Agency recognized CN’s efforts during the fall of 2018 to reduce congestion through the deployment of extra crews and locomotive power. 

Contacts: 
MediaInvestors
Jonathan AbecassisPaul Butcher
Senior ManagerVice-President
Media RelationsInvestor Relations
(514) 399-7956(514) 399-0052

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).