This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CN Investing In Special Program To Enhance Already Strong Rail And Wheel Flaw Detection Capability

MONTREAL, Nov. 28, 2013 /PRNewswire/ — CN (TSX: CNR) (NYSE: CNI) announced today a special program to acquire additional monitoring equipment to enhance its strong technological base for early detection of defects.

Jim Vena, CN executive vice-president and chief operating officer, said: "We're stepping up our inspection and detection capabilities. We've had a major push in recent years to increase the number and quality of track, wheel and bearings inspections that help prevent accidents. This has positioned us well in the rail industry. With this program, we intend to go further when it comes to safe rail operations."

At a cost of C$10 million, the program will include the acquisition/installation of:

  • Thirty new Wayside Equipment System units that detect hot bearings, hot wheels and dragging equipment;
  • A new track geometry test car to monitor the position, curvature and alignment of track;
  • An optical track inspection system that uses imaging to identify defects;
  • More than 30 new brittle bar detectors that identify and flag derailed equipment to train crews, and
  • Controlled signaling on certain key rail sidings in our most heavily used corridors to alert crews and dispatchers to broken rail incidents.

CN has more wayside detection technology than any other railway in North America and has increased that capability by 30 per cent over the past five years. CN has also increased the frequency of its ultrasonic rail flaw inspection by 70 per cent over the past five years.

Vena said: "The application of new detection equipment and modern safety technologies will improve the coverage of our network. The technology we're deploying will keep us ahead of the industry in this field and strengthen our solid safety performance even further. Advanced technology, rigorous safety process and the continued strengthening of our safety culture are the key foundations of our unwavering commitment to safety.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs