CN merges the EJ&E into Wisconsin Central Ltd.

[Blutorse4792]

As per http://www.newswire.ca/en/story/1094461/cn-completes-intra-corporate-merger-of-elgin-joliet-and-eastern-into-wisconsin-central-subsidiary

CN completes intra-corporate merger of Elgin, Joliet and Eastern into Wisconsin Central subsidiary

Merger, effective Jan. 1, 2013, expected to generate operational efficiencies, improved service

CHICAGO - CN (TSX: CNR) (NYSE: CNI) announced today it will complete the merger of the Elgin, 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, 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 Vancouver, Prince Rupert, B.C.,Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago,Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, and Jackson, Miss., with connections to all points in North America.

For more information on CN, visit the company's website at www.cn.ca.

Granted, the railroad has effectively existed only on paper since 2009, but it's still a milestone.
At midnight, the Chicago Outer Belt Line officially ceases to exist after 124 years.

It was a good run.

 

[JCitron]

I agree. This was a good run. I wonder if their next move will be to bring the IC into the fold as well so they can swap crews around with IC and the other two.

John

 

[SantaFebuff]

I started calling my EJE locomotives WC units to make a friend mad, and he told me, "It's not official yet."

Keyword... yet.

Cheers,
Joshua