CFO Ghislain Houle says the expansion cycle has come to an end.
$175 million in fines levied against a “cartel” that the tribunal found manipulated at least 26 tenders between 1999 and 2013.
Offering incentives for key employees to delay retirement and postpone vacations, and to entice back recently-retired employees.
Heavy snow in Western Canada and frigid temperatures slowed service fro both rail companies.
At least half of the factory’s 600 jobs on the line when Montreal subway contract complete.
Describes enhanced train control systems required to operate in the US next year are costly, unproven technology.
Canada’s largest railway is making the investments to improve operations and stay ahead trucking changes.
Work stoppage would have caused plant closures in the $55-billion chemicals and plastics industry.
It expects to transport 3% to 4% more volumes of cargo throughout the year.
That makes three of Canada’s largest suburban rail networks for the Montreal transportation giant.
Tank car manufacturers face higher costs, railways would need to retool locomotives.
JD Irving operates NB&M Railways, which has nearly 900 kilometres of track in Maine and New Brunswick.