Wednesday, September 3, 2008

Canadian National Expands Network

(Cargonews Asia)

Canadian National Railway (CN) has inked a deal with the city of Joliet regarding CN's proposed acquisition of the major portion of the Elgin, Joliet and Eastern Railway Company (EJ&E).

The agreement resolves the concerns the city had related to quiet zones, operations, and communications surrounding the transaction.

The conditions of the negotiations are contingent upon approval of CN's proposal to acquire control of the EJ&E, which is being considered by the federal Surface Transportation Board (STB).

As stated in STB's draft environmental impact statement, the board has encouraged voluntary agreements between CN and communities.

CN has been actively engaged in the environmental review process and will participate in the public hearings later in the year.