• Most Popular
  • Most Shared

Western Canada cold blast slows CN Rail freight

Tue Jan 29, 2008 6:47pm EST

Stocks

   

TORONTO, Jan 29 (Reuters) - Canadian National Railway (CNR.TO)(CNI.N), the country's biggest rail carrier, said on Tuesday it had temporarily cut back freight operations in Western Canada because of extreme cold and wind.

Stocks

"The health and safety of our employees and the security of our customers' shipments are CN's top priority. After carefully evaluating the situation in Western Canada, we have determined that modifying our freight operations is the most prudent course of action for all our stakeholders," CN Chief Executive Hunter Harrison said in a statement.

CN expects reduced freight operations for up to 36 hours. Customers should expect delayed transit times for shipments, CN said, adding it will regularly update clients on the status of its operations.

Canada's Prairie region is struggling with a bitter cold snap that has seen temperatures in some areas fall as low as -40 Celsius (-40 Fahrenheit) -- feeling even colder when the wind chill is factored in.

The deep freeze -- accompanied by blowing snow in some regions -- has made driving treacherous, prompted school closures and halted some oil and gas production. The cold snap is expected to last another four days. (Reporting by Rob Wilson; editing by Jeffrey Jones)



More from Reuters

Photo

Euro zone holds intensive talks on Greek rescue

BERLIN/ATHENS (Reuters) - Euro zone countries held intensive talks on Wednesday on a possible rescue for Greece, whose debt crisis has shaken the entire currency union, as civil servants staged the first big strike against Athens' austerity plans. | Video

 A protester marches next to a banner during an anti-government rally in Athens February 10, 2010. REUTERS/John Kolesidis
Analysis:

Will IMF step in on Greece?

Europe is loathe to turn to the International Monetary Fund to help bail out Greece but it may have little choice.  Full Article 

A worker drives a Toyota Motor Corp's newly assembled Prius hybrid vehicle onto a trailer near the company's plant in Toyota, central Japan February 9, 2010.REUTERS/Yuriko Nakao
Reuters Breakingviews:

Toyota's troubles in overdrive

The cost of Toyota's recall nightmare is nothing compared to the price of fixing its battered reputation.  Commentary