Recently, the Canadian National (CN) Railway announced a very strong quarter. According to Luc Jobin, President and CEO of CN Rail, it was: “one that caps the solid year of performance both financial and operating, including significant improvements in terms of safety, service, and productivity.” This is exciting news for REMCAN, considering our business relies on railway maintenance and construction. However, it also has a far-reaching impact on us all as Canadian citizens. Why?
A strong transportation system leads to a stronger economy.
A railway network is responsible for connecting towns and cities with tracks and trains, moving people and goods safely and efficiently. CN Railway is responsible for transporting over $250 billion worth of goods annually for a wide range of business sectors (Source: CN Rail). From manufactured products to consumer goods, the railway transports people and goods from Vancouver to Halifax and all the small towns and big cities in between. This is why inter-model transport forms the backbone of our economy. Building and maintaining effective transportation systems is essential to the continued economic growth of Canada. The transportation industry:
- Supports hundreds of thousands of jobs
- Contributes billions in GDP across all modes
- Enforces regulations and safety standards to improve road safety conditions
- Supports environmental sustainability and “green” transport
- Enables domestic and international trade
As you can see, transportation infrastructure has real benefits and makes a positive contribution to our daily life. Canada has one of the largest rail networks in the world, with approximately 20,000 route-miles spanning across Canada and the U.S (Source: CN Rail). The movement of goods, people, and services across Canada simply could not occur without transportation routes, networks and infrastructure.
The success of this industry is supported by Canada’s investment in continuous improvement and lowering operating costs. In order to make sure rail operations remain productive and prosperous, moving goods and people as efficiently as possible reduces the cost of doing business. Lower operating costs for rail networks allows them to compete, improve market share and deliver better quality service to customers.
So, what does the next year look like for the Canadian National Railway? According to their latest press release, the future looks optimistic. While the economic environment remains challenging, investors can expect to see moderate volume growth in 2017. CNR plans on maintaining their “strong focus on operational excellence with unwavering commitment to safety. At REMCAN, we continue to innovate and focus on investing in our people, our equipment and our technology to ensure that our work is reliable and built to grow for the long term. We live by our guiding principles of safety, service and productivity because we understand the impact of our work. Contact our team for more information.