Canada's two leading freight railways have taken more steps to share track and equipment to make them both more efficient by increasing capacity and maximizing their use of infrastructure.
Canadian National Railway Co. and Canadian Pacific Railway Ltd. said yesterday they have reached agreements on three new network initiatives in British Columbia, Alberta and Ontario they say will improve transit times.
The longest agreement allows CPR to move eight trains a week of bulk commodities over CN's line between Edmonton and Coho, B.C., near Kamloops, a distance of 880 kilometres.
Under the arrangement, trains are equipped with CPR locomotives and operated by CN crews.
In Ontario, the rival railways agreed to share about 160 km of parallel tracks between Waterfall, near Sudbury, and Parry Sound, to improve flows in the corridor. CPR will make available for CN some 480 km of its Ontario track, north of Lake Superior between Thunder Bay and Franz. The arrangement will allow CN to rationalize 320 km of CN secondary track between Thunder Bay and Longlac. CP (TSX) rose 98 cents to $35.74. CNR (TSE) rose 25 cents to $67.80. CP
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