Judge says construction on massive CN Rail hub can continue — for now [Yahoo! Finance Canada]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Yahoo! Finance Canada
The stay means Canadian National Railway Co. can continue to build the facility in Milton, Ont., which would see the company double its existing line of tracks and construct a terminal for containers to be transferred between trucks and freight cars. The judge said that while a halt to work on the $250-million project would have no effect on CN's long-term viability, any delay is "detrimental to the public interest." Final word on whether work can proceed will rest on a later ruling from the appeal court. ADVERTISEMENT The initial decision in March highlighted health concerns around air quality, noting the 800 diesel-powered trucks that would make daily round trips to the terminal in Ontario's Halton Region. That decision set aside the green light issued by cabinet in January 2021 and sent the project back to Ottawa for reconsideration — a court ruling that is now under review. This report by The Canadian Press was first published May 13, 2024. Companies in this story:
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News
- Here's Why You Should Retain Canadian National (CNI) Stock [Yahoo! Finance]Yahoo! Finance
- Bill Gates Earns Over $1.3 Million Per Day In Dividend Income - Here Are The 3 Stocks Paying Him The Most [Yahoo! Finance]Yahoo! Finance
- Those who invested in Canadian National Railway (TSE:CNR) five years ago are up 51% [Yahoo! Finance]Yahoo! Finance
- Amtrak, CN cancel summer passenger train service between Montreal, New York [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Amtrak, CN quietly cancel summer passenger train service between Montreal, New York [Yahoo! Finance Canada]Yahoo! Finance Canada
CNI
Earnings
- 4/23/24 - Beat
CNI
Sec Filings
- 5/14/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/26/24 - Form 6-K
- CNI's page on the SEC website