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  • Discussion relating to the Canadian National, past and present. Also includes discussion of Illinois Central and Grand Trunk Western and other subsidiary roads (including Bessemer & Lake Erie and the Duluth, Missabe & Iron Range Railway). Official site: WWW.CN.CA
Discussion relating to the Canadian National, past and present. Also includes discussion of Illinois Central and Grand Trunk Western and other subsidiary roads (including Bessemer & Lake Erie and the Duluth, Missabe & Iron Range Railway). Official site: WWW.CN.CA

Moderators: Komachi, Ken V

 #1465399  by Gilbert B Norman
 
Yäger fallout is hitting CN - and hard:

http://www.wsj.com/articles/canadian-na ... 1521106201" onclick="window.open(this.href);return false;

Fair Use :
...TORONTO—Service problems at Canadian National Railway Co. caught off guard by an oil-sector rebound, are causing severe delays in deliveries of grain, fracking sand, crude and other goods from Wisconsin to the Canadian West Coast.

Producers say they are falling weeks, and in some cases months, behind deliveries to customers because of erratic and reduced service at CN, Canada’s largest railway.

Oil-field services company Halliburton Co. warned last month that it would take a hit of 10 cents a share on first-quarter earnings because of CN delays in deliveries of sand to hydraulic-fracturing shale-oil sites.

The ouster of CN Chief Executive Luc Jobin last week was prompted by concerns from the company’s board that the railway wasn’t moving quickly enough to boost capacity, a person familiar with the matter said.
Every property Yäger touched enjoyed a "quick pop" on Wall Street. Now he's gone and the chickens are coming home to roost.

May you rest in peace, Mr. Martin.
 #1482129  by bdawe
 
CN's response has been to promote their podcast on grain logistics on twitter to random people in Vancouver