CN Rail relocates operations from Jasper due to wildfire threat [Globe and Mail, The (Toronto, Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Globe and Mail, The
increase will relocate its operations from Jasper, a town in the province of Alberta, to Hinton, about 100 kilometers away, said the Teamsters Canada Rail Conference in a statement. The popular tourist town, which is vulnerable to wildfires, was ravaged by one in late July. Nearly a third of Jasper's structures were destroyed, with some 25,000 people forced to evacuate. “This is another devastating blow to the town of Jasper, after this year's catastrophic wildfires,” said Paul Boucher, union president. At over 130,000 members, Teamsters Canada is the country's largest transportation and supply chain union. The relocation to Hinton will directly impact around 200 union workers currently living in Jasper, according to the statement. “Rail is one of the largest industries in Jasper, after tourism, and CN's move will cripple this community even further,” said Boucher. The union and Canadian National will negotiate a package for the affected workers, under the terms of their
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News
- MEDIA AVAILABILITY: CN Police Officers Available For Media Interviews During See Tracks? Think Train WeekGlobeNewswire
- MEDIA AVAILABILITY: CN Police Officers Available For Media Interviews During Rail Safety WeekGlobeNewswire
- CN workers in Jasper face uncertainty as company plans to move rail ops an hour away [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Investors: Should You Buy CNR or CP Stock Right Now? [Yahoo! Finance Canada]Yahoo! Finance Canada
- The Rail Strikes Are Over: What it Means for CN Investors [Yahoo! Finance Canada]Yahoo! Finance Canada
CNI
Earnings
- 7/23/24 - Beat
CNI
Sec Filings
- 9/17/24 - Form SUPPL
- 9/17/24 - Form 6-K
- 9/16/24 - Form FWP
- CNI's page on the SEC website