CN’s 30 Years: Transforming Canadian Rail Systems, Growth & Impact

Introduction

Thirty years ago, the Canadian government privatized CN, selling the railway to private investors for C$2.2 billion, which was the largest initial public offering (IPO) in Canadian history at the time.

Transformation and Growth

The privatization of CN has facilitated its transformation into a significant railway operator. Over the past three decades, CN has expanded its network to span three coasts through strategic acquisitions and supply chain partnerships. According to a press release, this growth has enabled customers to access new markets and has reinforced the company’s role in the North American economy.

Employee Perspectives

To commemorate the anniversary, CN employees from across the network, who were with the Class I railway during the IPO, shared their recollections of the changes and constants within the company. These included the enduring commitment to provide reliable, safe, and efficient service, as well as the creation of a workplace that supports employee skill development.

A Personal Reflection

Russ Perdue, recently retired as assistant vice president of domestic intermodal, recalled his experience. In 1995, Perdue served CN as system officer for freight claims and damage prevention in Mississauga, Ontario. He noted the excitement surrounding the IPO and the opportunity for employees to own a part of the company. Perdue reflected on the company’s evolution, his memorable experiences, the people he met, and his travels for CN.

Conclusion

The Canadian government privatized CN 30 years ago. The privatization has led to CN’s transformation and growth, enabling the company to expand its network and support its customers.

Company Summary

CN: A railway company that was privatized by the Canadian government. It has expanded its network through strategic acquisitions and supply chain partnerships.