Looking Back and Moving Forward
Canadian National Railway Company (CN), corporation created by the Canadian government in 1918 to operate a number of nationalized railroads (including the old Grand Trunk lines, the Intercolonial Railway, the National Transcontinental Railway, and the Canadian Northern Railway) as one of Canada’s two transcontinental railroad systems.
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In addition to exploring Canadian National operations and equipment through depression, war, modernization, and acquisitions, Murray explains how the railway affected and was influenced by the vast and varied regions it served. Together with the Canadian Confederation, the creation of the Canadian Pacific Railway was a task originally undertaken as the National Dream by the Conservative government of Prime Minister Sir John A. Macdonald ( 1st Canadian Ministry ). Economic depression in the 1930s reduced traffic volume, leading to cuts in wages and dismissal of employees In the late 1970s, CN started to divest itself of non-rail businesses, including real estate, hotels, and CNCP Telecommunications. These locomotives hauled millions of tons of freight and thousands of troops during the .
In February 1998, it purchased US rail company Illinois Central Corporation for US$2.4 billion. Nasdaq Data
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