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Stock impact report

Federal Court judge scraps Ottawa's green light for CN Rail hub in Ontario [Financial Post (Toronto, Ontario, Canada)]

Canadian National Railway Company (CNI) 
Last canadian national railway company earnings: 4/27 04:01 pm Check Earnings Report
US:NYSE Investor Relations: cn.ca/en/investors
Company Research Source: Financial Post
The ruling states that the federal government failed to grapple with whether Canadian National Railway Co.'s planned facility in Milton, Ont., will have a harmful effect on human health, particularly through its impact on air quality. Article content The decision sets aside the green light issued by cabinet in January 2021 and sends the $250-million project backto Ottawa for reconsideration. Article content In the planning stage for years, it would see CN double its existing line and build a hub for containers to be loaded onto trucks from rail cars and vice versa in Ontario's Halton Region. The facility would be used around the clockby diesel-powered trucks making 800 round trips per day as well as four trains hauled by locomotives also running on diesel, which contains toxic pollutants, the judgment notes. CN said Monday it is still reviewing the decision, but that the rail-and-truck hub would be a critical piece of infrastructure in Canada's busiest region. The Montr Show less Read more
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