Latest news with #AshleyMichnowski
Hamilton Spectator
6 days ago
- Business
- Hamilton Spectator
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. This report by The Canadian Press was first published June 4, 2025. Companies in this story: (TSX:CNR)
Winnipeg Free Press
6 days ago
- Business
- Winnipeg Free Press
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. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published June 4, 2025. Companies in this story: (TSX:CNR)
Yahoo
6 days ago
- Business
- Yahoo
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. This report by The Canadian Press was first published June 4, 2025. Companies in this story: (TSX:CNR) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Global News
19-05-2025
- General
- Global News
Transportation Safety Board investigates derailment after two CN Rail trains collide
See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook The Transportation Safety Board is investigating after two CN rail trains crashed into each other early Sunday morning west of Edson, Alta. According to CN Rail spokesperson Ashley Michnowski, preliminary reports show the two trains sideswiped each other in a low-speed collision. RCMP say they responded to the call around 7:10 am near Highway 47 and Township Road 530, about 13 kilometres west of Edson. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Cpl. Mathew Howell told Global News one train was carrying grain while the other train was hauling a load of batteries. 'Initial reports indicated a possible brake failure,' Cpl. Howell said. The railway says as a result, several cars carrying grain derailed. There were no injuries reported. Story continues below advertisement Michnowski says CN crews as well as local first responders remain on scene to investigate. 'There were no fires or hazardous materials involved, the tracks remain closed at this time. CN would like to apologize for the inconvenience caused by this incident,' Michnowski said in a statement. The railway adds that there is no risk to the public. The cause is still under investigation.
Yahoo
01-05-2025
- Business
- Yahoo
CN Declares Second-Quarter 2025 Dividend
MONTREAL, May 01, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a second-quarter 2025 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-eight and three-quarter cents (C$0.8875) per common share will be paid on June 30, 2025, to shareholders of record at the close of business on June 9, 2025. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919. Ashley Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@
