Port of Prince Rupert performing better than expected after winter: CN Rail

CN Rail increased its capital expenditures by $200 million to reach $3.4 billion

CN Rail says that its operations are performing better than it expected so far in the second quarter after a rough winter that led to the replacement of its chief executive.

Chief financial officer Ghislain Houle told a transportation conference on Tuesday that volumes are up 14 per cent in the first two weeks of May after falling four per cent in the first quarter.

Demand is strong for frac sand, lumber, Canadian grain and coal, he said.

The Montreal-based railway says its port facility at Prince Rupert is expanding faster than expected and should hit capacity two years ahead of schedule.

Houle says the operating performance will see a particular improvement in the fourth quarter after significant investments in the railway network, especially in Western Canada.

CN Rail increased its capital expenditures by $200 million to reach $3.4 billion, is qualifying hundreds of new conductors and buying 200 locomotives over the next three years.

Two days after CN Rail dumped its CEO in March, his interim replacement, Jean-Jacques Ruest, apologized for the railway’s poor performance last winter and promised immediate action to clear the backlog of grain shipments.

Like us on Facebook and follow us on Twitter.

Just Posted

Annual Toy Run returns to Prince Rupert

The 37th annual motorcycle run brought more than 100 riders to Prince Rupert’s streets

Dog park coming soon to McKay Street park

City crews have been working to clear space since early August

Prince Rupert youth rugby receives new gear

Port of Prince Rupert contributed $24,215 to help purchase training equipment and instruction

WEB POLL: How will the lack of a mayoral race affect your decision to vote

Lee Brain was acclaimed as mayor on Sept. 21 after no other candidate entered the 2018 race

CMTN unveils renovated House of Cedar

$18.4M upgrade and renovation cited as key to modern trades training

This Week Podcast — Episode 103

Learn more Prince Rupert’s open air market, and our guest is an actor playing in Monkey Beach

Delivering the paper as a family

The Northern View is looking for newspaper carriers in Prince Rupert, join our team today

Lions earn stunning 35-32 OT win over Ticats

Epic comeback lifts B.C. past Hamilton in CFL thriller

Czarnik nets 3 as Flames dump Canucks 5-2

Calgary picks up exhibition win over Vancouver

Ottawa to name new ambassador for women, peace and security, Freeland says

Chrystia Freeland also confirmed Canada would spend about $25 million to fund number of initiatives

‘A little bright spot:’ Ottawa residents rescue dog trapped beneath rubble

Freelance journalist says rescue of a dog trapped under rubble was happy ending amid chaos in Ottawa

B.C. deaf community wants different sign languages on federal accessibility act

Advocates also want Indigenous Sign Language to be recognized on the Indigenous Language Act

VIDEO: B.C.-born firefighter remembered by MP in emotional speech

Family asks first responders to look after one another in wake of suicide, growing concerns of PTSD

Airline has ‘close call’ with drone while en route to B.C. airport

Jazz Aviation reported the drone sighting near Vancouver to the RCMP and Transport Canada

Most Read