Canadian National to Transfer Niagara Peninsula Feeder Lines to Trillium Railway.MONTREAL--(BUSINESS WIRE)--Aug. 3, 1999-- Canadian National (ME:CNR.) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CNR.) (NYSE NYSE See: New York Stock Exchange :CNI) announced today it has reached an agreement in principle with Trillium Railway Company Ltd. for the transfer to Trillium of 66 kilometers (41 miles) of industrial feeder track on Ontario's Niagara Peninsula. The Welland West lines between St. Catharines and Welland, Ont., consist of sections of CN's Cayuga subdivision and Thorold, Canal, Grantham, Fonthill, Town Line and West Welland spurs. These lines, which transport mostly paper products, industrial chemicals and metals, handle an average of 1,400 carloads of freight annually and will be operated by a Trillium subsidiary, the Port Colborne Harbour Railway The Port Colborne Harbour Railway (AAR reporting marks PCHR), formed in 1997, serves various industries in the Port Colborne area and along the New Welland Canal. The principal commodities transported are wheat, scrap, woodpulp, bauxite, and lumber. (PCHR). The PCHR has operated 11 kilometers (seven miles) of track along the Welland Canal since 1997, following CN's sale of the track to the Municipality of Port Colborne. Trillium last year acquired a section of CN's Cayuga subdivision between St. Thomas and Delhi, Ont.; this track is operated by Trillium's St. Thomas and Eastern Railway The St. Thomas and Eastern Railway' is a shortline operating near St. Thomas, Ontario, Canada. The main commodities transported on the railway are grain, salt, and chemicals. St. Thomas and Eastern connects to CN and Norfolk Southern in St. Thomas and CPR in Tillsonburg. Co. subsidiary. "By adding the West Welland lines to the Port Colborne and Cayuga trackage track·age n. 1. Railway tracks. 2. a. The right of one railroad company to use the track system of another. b. The charge for this right. , Trillium will offer to customers in southwestern Ontario the kind of personal service for which short lines are renowned, as well as direct access to CN's main-line network," said Francois Hebert, CN's assistant vice-president, corporate development. "Trillium has a proven track record of providing excellent customer service on the lines it already operates in Ontario." Trillium, a short-line operator with corporate headquarters in Dunnville, Ont. and administrative headquarters in Gowanda, N.Y., is owned by Canadian entrepreneurs and U.S. operators of short lines. Canadian National Railway Company Canadian National Railway Company (NYSE: CNI, TSX: CNR) is a Canadian rail transportation company that operates the Canadian National Railway. It was created in December, 1918 as a Crown corporation of the Government of Canada to nationalize several bankrupt rail systems spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , serving the ports of Vancouver, Montreal, Halifax, New Orleans and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Memphis, St. Louis and Jackson, Miss., with connections to all points in North America. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion