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Canadian National Railway
(redirected from CN Railway)

   Also found in: Wikipedia, Hutchinson 0.01 sec.
Canadian National Railway, rail system in Canada and the United States, extending from coast to coast in Canada with many branch lines in each province and in the United States. The system began as an amalgamation of five separate railroad enterprises that were unified in 1922 under the ownership of the Canadian government. The company also operated telegraph, steamship, and hotel services; Canadian National divested its nonrail businesses during the 1980s and 90s. The company was privatized in 1995, and when the railroad purchased the Illinois Central in 1998, it became the fifth largest system in North America. In 1999, Canadian National announced a $6 billion merger with the Burlington Northern Santa Fe Railway Burlington Northern Santa Fe Railway, railroad system in much of the United States (except the Northeast) and in S Canada, created in 1995 from the merger of Burlington Northern Inc. and the Santa Fe Pacific Corp. (see Santa Fe RR ).
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 to create the largest railroad in North America, but the deal was scuttled the following year after the U.S. Surface Transportation Board froze such mergers. Canadian National resumed its expansion in the United States in 2001, however, when it purchased the Wisconsin Central.


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The CN Railway and a major power transmission line also cross the property.
The prior year's first quarter results were adversely impacted by a CN Railway strike.
Commenting on this sale, Edward Akkawi, president & CEO, says: "We are proud to add the name of CN Railway to our growing list of clients.
 
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