CN to Return Some Leased Locomotives

Canadian National said this week it has completed a $400 million project to improve network capacity and plans to return two dozen of the oldest and least reliable of the 130 locomotives it leased this year.

However, it will hang on to the rest of its leased units to ensure that he has enough motive power during cold weather when train lengths are reduced in size and traffic must move on additional trains.

Next spring CN plans to return more leased locomotives. The Montreal-based Class 1 railroad will take delivery of 60 new General Electric units this year.

By next March it will also receive the first 70 units of 140 GE locomotives on order for 2019.

CN Chief Financial Officer Ghislain Houle said completion of the expansion in the western regions of its system has resulted in improvements in key operating metrics and reduced costs.

Trains are moving faster and cars are spending less time in yards.

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