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Merger, effective Jan. 1, 2013, expected to generate operational efficiencies, improved serviceCHICAGO,
Dec. 31, 2012 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) announced today it will complete the merger of the
Joliet and Eastern Railway Company (EJ&E) into its Wisconsin Central Ltd. (WC) subsidiary, effective
Jan. 1, 2013. The merger of the two rail affiliates that connect in the
Chicago area will simplify CN's corporate structure and operations in
the United States.
Jim Vena, CN senior vice-president, CN Southern Region, said: "CN expects the merger will lead to operational efficiencies and service improvements. These merged railroads will continue all the existing operations of WC and EJ&E in the Chicago Terminal with a unified workforce, which will permit better management of crew staffing and more efficient and reliable rail service to customers throughout the region."
The merger was authorized through a notice of exemption for transactions within a corporate family filed with the U.S. Surface Transportation Board (STB) on
May 23, 2012, that became effective on
June 22, 2012. Voluntary implementing agreements with the unions representing the various crafts were reached, allowing the company to complete the merger.
The merger will not affect or alter the STB's continuing oversight and reserved jurisdiction over CN's 2009 acquisition of the EJ&E, the mitigation conditions imposed by the STB, or the Voluntary Mitigation Agreements reached by CN and numerous communities along the EJ&E arc.
CN - Canadian National Railway Company and its operating railway subsidiaries - spans
Canada and mid-America, from the Atlantic and Pacific oceans to the
Gulf of Mexico, serving the ports of
Prince Rupert, B.C.,
New Orleans, and
Mobile, Ala., and the key metropolitan areas of
Green Bay, Wis.,
Jackson, Miss., with connections to all points in
North America. For more information on CN, visit the company's website at