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Canadian National Railway joined the growing list of Class 1 railroads to report strong third-quarter financial results, and at the same time drive down costs by improving efficiency by adopting the principle of precision scheduling railroading.

Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, CEO Jean-Jacques Ruest said.

Canadian National Railway plans to invest more than $80 million in Minnesota this year — spending it, they said, would strengthen the company’s rail network across the state.

Canadian National Railway has reached an agreement to buy the TransX Group of Cos. in Winnipeg, Manitoba, from founder and CEO Louie Tolaini.

Canadian National Railway Co. named Jean-Jacques Ruest as president and chief executive officer, four months after he took over as interim leader.

Canadian National Railway Co. plans to acquire 1,000 new-generation high-cube grain hopper cars over the next two years to rejuvenate the aging equipment needed to serve increasing annual crop yields, according to the Montreal-based railroad.

Canadian National Railway plans to purchase 350 73-foot center beam railcars to meet the growing demand for transporting lumber products, the Montreal-based railroad announced May 2.

Canadian National Railway reported April 23 first-quarter net income of C$741 million, or $1 a share, on revenues of $3.2 billion, a decline of $12 million.

Railroad giant Canadian National Railway has abruptly replaced CEO Luc Jobin, saying it needed a leader who would “energize the team,” and named Jean-Jacques Ruest as interim president and CEO.

Canadian National Railway Co. CEO Claude Mongeau is stepping down after 22 years at the carrier, saying throat surgery last year has left him unable to continue in the job.