Canadian National Railways : The Canadian National Railway Company is headquartered in Montreal, Quebec, and serves Canada and the Midwestern and Southern United States. CN's slogan is "North America's Railroad". CN was government-owned - as a Canadian Crown corporation - from its founding in the early 1920s - to its privatization in 1995.
CN is currently Canada's largest railway, in terms of both revenue and the physical size of its rail network. It spans Canada from the Atlantic coast in Nova Scotia to the Pacific coast in British Columbia. Its range once reached across the island of Newfoundland until 1988, when the Newfoundland Railway was abandoned.
The railway was referred to as the Canadian National Railways (CNR) between 1918 and 1960, and as Canadian National/Canadien National (CN) from 1960 to the present.
Detailed information about the structure and changes to the company over the past century are described in lower level records, particularly in the series for CN Headquarters.
The Canadian National Railway Company was created between 1918-1923. Following the acquisition of control of the Canadian Northern Railway system by the Canadian Government in 1917 the Canadian Government Railway system was placed under the Board of Directors of the Canadian Northern for operation and management. On 20 December 1918, the name Canadian National Railways was authorized to be used as a descriptive, but not corporate, designation for the combined system.
On 6 June 1919, the Canadian National Railway Company was incorporated for the purpose of consolidating the railways, works and activities of the Canadian Northern and Canadian Government systems and operating them as one system. However, it wasn't until three years later that the company was fully created, when the first Board of Directors was nominated. Sir Henry Thornton was President and Chairman. Prior to this, D.B. Hanna, as President of the Canadian Northern Railway had acted as President of the Canadian National Railways.
Another major component of the new company was the Grand Trunk System. In 1920, the Grand Trunk Pacific Railway, which had gone into receivership to the Government on 10 March 1919, was entrusted to the Canadian Northern Board of Directors for operations as part of the System. From 1918 to early 1920, negotiations between the parent Grand Trunk Railway Company and the Government occurred to facilitate the acquisition of the company by the Government. The negotiations were concluded by an agreement dated 8 March 1920 which provided, among other things, for a joint Committee of Management to operate the Grand Trunk system in harmony with the Canadian National Railways. On 4 October 1922, the Board of Directors of the Canadian National Railway Company appointed the Board of Directors of the Grand Trunk. Amalgamation was effective 31 January 1923. The Head Office of the Canadian National Railway Company was declared to be in Montreal, Quebec.
While the two former privately-owned main components of the Canadian National Railway Company and a number of their subsidiaries maintained a statutory corporate existence for some years after the creation of the new system, they were to all intents and purposes part of the Canadian National Railway Company and there was no external evidence of their continued existence.
Canadian National Railway Company had a sprawling component network from the 1920s onwards. Some of these included: CN Telegraphs 1923-1967: CN Radio 1923-1933; CN Hotels 1923-1988; Canadian National Steamships Company ca. 1920s-1970s, then CN Marine 1977-1997; CN Police 1923-current; CN Tower 1975-1995
Between 1923-1995, there have been some major changes to the company. In short, the first major changes occurred in in 1937 and 1952, when revisions to the capital structure were made.
Another change occurred in 1960, when there was the launch of a long-term program to modernize Canadian National's external appearance. As a first step, a new corporate trademark was introduced. The stylized CN symbolized the movement of people, materials and messages across the country.
Later, on 12 January 1977, VIA Rail Canada Incorporated was formed. In April, 1978, VIA became a Crown corporation and assumed responsibility for the management of all CN and CP Rail passenger services, excluding commuter services.
In the 1980s, the shape and size of Canadian National underwent further radical transformation. Businesses in which it had an important presence for many years were divested. In 1986, CN Route (the former CN Express and CN Trucking Limited) and in 1988, CN Hotels. Northwestel Inc. and Terra Nova Tel were sold. CN also divested its 50 per cent share in CNCP Telecommunications and terminated railway service in Newfoundland in 1988.
On 27 February 1995, the Minister of Finance announced in his budget statement the Government's intention to sell the Canadian National. The CN Commercialization Act, authorizing the continuance of the company under the Canada Business Corporations Act (CBCA) and the sale of its common shares owned by the Government of Canada, came into effect 13 July 1995. The company was continued under the CBCA on 24 August 1995. On 28 November 1995, the Government completed the sale of its shares to the public.
At that time the company ceased to be owned by the Government. The former Crown corporation was privatized and now operates as a private-sector freight railway with no other significant line of business.
In 1995, the company sold the oil and gas assets of its CN Exploration business unit and certain real estate assets of the discontinued CN Real Estate unit to third parties. The company's remaining non-rail real estate business, including the CN Tower in Toronto, was transferred to the Government of Canada.
After 78 years as a Crown corporation, CN was privatized on November 28, 1995. This was the largest privatization in Canadian history.
Key post-privatization events included the 1999 acquisition of Illinois Central Corporation (including Chicago, Central and Pacific, the acquisitions of Wisconsin Central Transportation Corporation (2001), the rail and marine holdings of Great Lakes Transportation LLC (2004), BC Rail Ltd. (2004), RailAmerica/Northern Alberta (2006), Savage Alberta (2006), Athabasca Northern (2007), Quebec Railway Corporation (2008), and U.S. Steel (2009).
Following these purchases, the company now also has extensive trackage in the central United States along the Mississippi River valley from the Great Lakes to the Gulf of Mexico.
Currently, CN owns about 32,831 km of track in eight provinces (the only two not served by CN are Newfoundland & Labrador and Prince Edward Island), as well as an 113 km stretch of track (see Mackenzie Northern Railway) into the Northwest Territories to Hay River on the southern shore of Great Slave Lake.