Tuesday, November 04, 2008

 

CN makes purchases in Quebec

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CN was incorporated by a special Act of Parliament in 1922. As of November 28, 1995, CNR ceased to be a Crown Corporation.

CN's Registered and Head Office is at 935 de La Gauchetiere Street West, Montreal, Quebec, H3B 2M9. Telephone 1-888-888-5909.

- BC Mary.

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Canwest News Service - November 04, 2008

Canadian National Railway Co. said yesterday it had reacquired three former subsidiaries and a rail-freight ferry operation from close partner Quebec Railway Corp. for $49.8 million.

CN agreed to purchase the CFMG line, a primary artery for Quebec shippers of aluminum, paper and forestry products, as well as the New Brunswick East Coast Railway and Ottawa Central lines.

The railway also acquired QRC's Compagnie de gestion de Matane Inc. rail-ferry services that runs along the north shore of the St. Lawrence River.

The three lines rejoin CN after the railway sold them off to QRC in the late 1990s.

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