Via Rail CEO blames plummeting on-time performance on new CN speed rules
MONTREAL – Via Rail says its on-time performance fell drastically in the first three months of the year — a drop the Crown corporation blames largely on new speed rules from Canadian National Railway Co.
Via is reporting that its trains, which run mostly on CN tracks, pulled into the station within 15 minutes of their scheduled arrival time only 30 per cent of the time last quarter, down from 72 per cent in the same period the year before.
It says ridership decreased by 2.7 per cent, marking the first dip since the railway's pandemic recovery began.
Via CEO Mario Péloquin says its ongoing service disruptions are the direct result of 'arbitrary and unnecessary' speed restrictions on new passenger trains that run along its busiest corridors — though heavy snowfall in February was also a likely factor.
CN spokeswoman Ashley Michnowski says it is disappointed Via 'refuse(s) to assume responsibility' for its choice to buy trains that could have safety shortcomings, adding that CN has no interest in arbitrarily slowing locomotives on its tracks.
Via says its first-quarter operating loss before federal funding and income taxes sagged to $160 million from $151.3 million a year earlier.
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This report by The Canadian Press was first published June 4, 2025.
Companies in this story: (TSX:CNR)
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Cautionary Statement on Forward-looking Statements Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), which involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. 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Investors are cautioned that forward-looking statements involve risks and uncertainties, including, without limitation: the inherent risks involved in the exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, any inability to complete work programs as expected, the Company's plans with respect to the Yellowknife Gold Project may change as a result of further planning or otherwise, and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs most recent Annual Information Form and other filings with Canadian securities regulators and the SEC, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that forward-looking statements, or the material factors or assumptions used to develop such forward-looking statements, will prove to be accurate. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities law.
