CN workers in Jasper face uncertainty as company plans to move rail ops an hour away [Financial Post (Toronto, Ontario, Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Financial Post
MONTREAL — Canadian National Railway Co. told employees this week it plans to relocate its operations in Jasper to near Hinton, Alta., about 100 kilometres away. In a memo sent to employees in the fire-ravaged town, the company said it's aiming to increase efficiency by minimizing train stops between Edmonton and Blue River, B.C., which sits across the Rockies. CN plans to close its Jasper bunkhouse and build a crew change facility east of Hinton, with workers slated to clock in at the new site starting in September 2025, according to the document obtained by The Canadian Press. The union representing rail workers criticized the relocation, which affects about 200 employees, though no layoffs are expected. “This is another devastating blow to the town of Jasper, after this year's catastrophic wildfires. Rail is one of the largest industries in Jasper, after tourism, and CN's move will cripple this community even further,” said Paul Boucher, president of the Teamsters Canada
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- CN Rail relocates operations from Jasper due to wildfire threat [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- The Rail Strikes Are Over: What it Means for CN Investors [Yahoo! Finance Canada]Yahoo! Finance Canada
- 1 Bargain-Basement Stock to Buy and Hold for the Next 3 Decades [Yahoo! Finance Canada]Yahoo! Finance Canada
- Canadian National Railway (TSX:CNR) Faces Labor Challenges Despite Strong Q2 Growth and Strategic Opportunities [Yahoo! Finance]Yahoo! Finance
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