Latest news with #CNR
Business Recorder
6 days ago
- General
- Business Recorder
Nine dead, 26 injured in China fireworks factory blast
BEIJING: An explosion at a fireworks factory in central China killed nine people and injured 26 others, state media said Tuesday, as challenging on-site rescue work continued a day after the incident. The blast occurred shortly before 8:30 am Monday at a factory in a village outside Changde, a city in Hunan province, state-run China National Radio (CNR) said. As of 9:00 am on Tuesday, nine people were dead and 26 injured, CNR said citing a rescue command centre. Rescue work at the scene was ongoing, CNR reported, noting a 'complicated' situation and the risk of additional explosions hampering response efforts. Russian overnight attack on Kyiv kills 14 and injures 44, officials say Adding to the challenge, the site was in a 'mountainous area with no large water source', it added. 'During more than 20 hours of uninterrupted and continuous rescue, the rescue team used remote-controlled water cannons to extinguish the fire,' the report said. State news agency Xinhua also said Tuesday that the Ministry of Emergency Management had sent a working team to Hunan to oversee the rescue. 'Efforts must be made to ascertain the cause of the explosion as soon as possible and to hold those responsible accountable,' the ministry said, according to Xinhua. Industrial accidents are fairly common in China due to vague regulations and lax safety standards. Last month, an explosion at a chemical plant in the eastern province of Shandong killed at least five people. In 2015, blasts at warehouses containing flammable chemicals in the port city of Tianjin killed more than 170 people and injured 700 others.
Yahoo
6 days ago
- Business
- Yahoo
CN to Invest $60 Million in Minnesota to Build Capacity and Power Sustainable Growth
HOMEWOOD, Ill., June 16, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$60 million in Minnesota, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. The projects will help ensure the safe movement of goods and support long-term sustainable growth in Minnesota and across CN's network. 'We believe that investing in our network is about building for the future. Our continued infrastructure investment in Minnesota will help strengthen the resiliency and efficiency of our network across the state. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across communities where we operate.' - Tracy Robinson, President, and Chief Executive Officer of CN 'CN's significant investments in Two Harbors, Minnesota, to enhance its operations and infrastructure including the addition of a new loop track and upgrading its rail yard. While improving CN's efficiency it also solidifies jobs for Two Harbors residents. These investments reinforce CN's commitment not only to Two Harbors, but to supporting Minnesota's iron ore supply chain and strengthening its transportation network.' - Lew Conner, Mayor, Two Harbors, Minnesota In 2024, CN invested approximately US$77 million in Minnesota for track maintenance and key infrastructure initiatives. Highlights of this investment include: - Over US$9 million to upgrade and improve operations at CN's Two Harbors rail yard - More than US$2.5 million to upgrade and build capacity at CN's Duluth Iron Ore Dock Minnesota in Numbers: Capital investments: Approximately US$ 77 million in 2024 Employees: approximately 569 Railroad route miles operated: 426 Community investments: US$ 60,000 in 2024 Local spending: US$117 million in 2024 Cash taxes paid: US$19 million in 2024 CN Forward-Looking Statements Certain statements by CN included in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as 'believes,' 'expects,' 'anticipates,' 'assumes,' 'outlook,' 'plans,' 'targets,' or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth
MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN's railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe movement of goods and support long-term sustainable growth across CN's network in Atlantic Canada. "We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate." - Tracy Robinson, President and Chief Executive Officer of CN 'These investments by CN ensure Atlantic Canada is ready to power economic growth through strong, resilient supply chains that bolster domestic and international trade.' - Rhonda Tulk-Lane, CEO of the Atlantic Chamber of Commerce In 2024, CN invested approximately $84 million in New Brunswick and Nova Scotia to support track maintenance and strategic infrastructure initiatives. The majority of this spending supports the ongoing maintenance of CN infrastructure including rail and tie replacements, grade crossing work and structure maintenance. Highlights of last year's investment include: Over $5 million for a rail bridge upgrade on CN's Napadogan Subdivision in New Brunswick Approximately $4 million in improvements to CN's Autoport in Eastern Passage, N.S. New Brunswick in Numbers: Employees: approximately 362 Railroad route miles operated: 596 Community investments: $687,000 in 2024 Local spending: $55 million in 2024 Cash taxes paid: $18 million in 2024 Nova Scotia in Numbers: Employees: approximately 356 Railroad route miles operated: 162 Community investments: $453,000 in 2024 Local spending: $89 million in 2024 Cash taxes paid: $8.1 million in 2024 CN Forward-Looking Statements Certain statements by CN included in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as 'believes,' 'expects,' 'anticipates,' 'assumes,' 'outlook,' 'plans,' 'targets,' or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@
Yahoo
05-06-2025
- Business
- Yahoo
CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth
MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN's railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe movement of goods and support long-term sustainable growth across CN's network in Atlantic Canada. "We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate." - Tracy Robinson, President and Chief Executive Officer of CN 'These investments by CN ensure Atlantic Canada is ready to power economic growth through strong, resilient supply chains that bolster domestic and international trade.' - Rhonda Tulk-Lane, CEO of the Atlantic Chamber of Commerce In 2024, CN invested approximately $84 million in New Brunswick and Nova Scotia to support track maintenance and strategic infrastructure initiatives. The majority of this spending supports the ongoing maintenance of CN infrastructure including rail and tie replacements, grade crossing work and structure maintenance. Highlights of last year's investment include: Over $5 million for a rail bridge upgrade on CN's Napadogan Subdivision in New Brunswick Approximately $4 million in improvements to CN's Autoport in Eastern Passage, N.S. New Brunswick in Numbers: Employees: approximately 362 Railroad route miles operated: 596 Community investments: $687,000 in 2024 Local spending: $55 million in 2024 Cash taxes paid: $18 million in 2024 Nova Scotia in Numbers: Employees: approximately 356 Railroad route miles operated: 162 Community investments: $453,000 in 2024 Local spending: $89 million in 2024 Cash taxes paid: $8.1 million in 2024 CN Forward-Looking Statements Certain statements by CN included in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as 'believes,' 'expects,' 'anticipates,' 'assumes,' 'outlook,' 'plans,' 'targets,' or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@
Hamilton Spectator
02-06-2025
- Business
- Hamilton Spectator
Ghislain Houle, Executive Vice-President and Chief Financial Officer, to address Wells Fargo 2025 Industrials and Materials Conference
MONTREAL, June 02, 2025 (GLOBE NEWSWIRE) — Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will address the Wells Fargo 2025 Industrials and Materials Conference on June 11, 2025, at 9:00 a.m. Eastern Time (ET). CN will provide a live webcast via the Investors section of its website at . A replay of the webcast will be available following the event. About CN CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919. Contacts:
