Acquisition of a Stake in Cape Breton & Central Nova Scotia Railway( CBNS) is concentrated on connection and Long- Long-term growth openings
blazoned that it acquired from Genesee & Wyoming Inc., a stake in the Cape Breton & Central Nova Scotia Railway that includes 145 long hauls of active track.
“ We’re proud to be partnering with Genesee & Wyoming to serve being guests on this line. This cooperation will further support CN’s presence in eastern Canada where we believe there will be a growing part to play in the competitiveness of North American trade. It’ll also enable our network to reach new openings in the longer- term, further advancing our strategic docket of accelerating profitable, sustainable growth. ”
Patrick Lortie, Vice President, and Chief Strategy Officer at CN
The CBNS road, which underpasses with CN’s mainline at Truro, Nova Scotia, will continue to be operated by a Genesee & WyomingInc. attachment. This will ensure a flawless, safe, and effective durability of service for guests.
About CN
CN is a world-class transportation leader and trade enabler. Essential to the frugality, to the guests, and to the communities it serves, CN safely transports further than 300 million tons of natural coffers, manufactured products, and finished goods throughout North America every time. CN’s network connects Canada’s Eastern and Western beachfronts with the U.S. South through an 18,600- afar rail network, CN and its cells have been contributing to community substance and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.