AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

Burlington Northern, Canadian National agree to merge.(Knight Ridder Newspapers)

Knight Ridder/Tribune News Service

| December 20, 1999 | Schnurman, Mitchell | COPYRIGHT 1999 Knight-Ridder/Tribune News Service. (Hide copyright information)Copyright

FORT WORTH, Texas _ In a move intended to provide seamless service along growing trade corridors, Burlington Northern Santa Fe and the Canadian National Railway said Monday that they have agreed to combine operations.

The deal creates the largest rail company in North America, with its headquarters and leadership to be based in Montreal.

The companies said there will be little disruption for employees or shippers because the rail networks do not overlap.

Burlington Northern, which moved to Fort Worth from St. Paul, Minn., in 1984, employs about 3,200 in Fort Worth, including 2,500 at its corporate headquarters. Executives said the combined company will maintain a major presence in North Texas, including its dispatch center.

Analysts said the structuring of the deal, which gives a majority of top management posts to Canadian National officials, satisfies protectionist laws in Canada.

Together, the rail companies employ about 67,000 in two countries, and executives said that only a few thousand jobs will be lost, probably through attrition.

The merger requires …

Related articles from newspapers, magazines, journals, and more
Canadian National Railway sets up freight arm in Europe.
News wire article from: Europe Intelligence Wire May 11, 2005 700+ words
Canadian National Railway. (Briefs).(membership in the Customs Service's...
Magazine article from: Traffic World November 4, 2002 700+ words
CN Takes Over EJ&E.(Canadian National Railway Co. acquired with Elgin, Joliet...
Magazine article from: Traffic World February 9, 2009 700+ words
CN's Harrison has master plan for North American railways.
Magazine article from: Gulf Shipper December 29, 2008 700+ words
Canadian National Railway at CIBC 5th Annual Frontenac Institutional Investor...
News wire article from: Fair Disclosure Wire October 5, 2006 700+ words
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily