News / Railroads north of the border steam ahead of US counterparts

© Robert Philip

There were mixed fortunes for North American railroads in the first half, those north of the US border faring better in a hostile market than their southern neighbours.

First-half revenues for Canadian National showed substantial intermodal gains, and chief executive JJ Ruest noted the role of TransX’s integration in this success.

“We continue to work on cross-polymerisation opportunities between CN and TransX,” he told investors.

“These efforts are also translating into new business, such as a deal to handle all the domestic intermodal ...