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I was going to post a long, heartfelt, political rant about this, but decided against it...EJ&E fans know how they feel about this, and nothing I could say would ever do justice to that.There are no shippers served only by CN and EJ&E (2-to-1 shippers) who will lose direct rail competition as a result of the acquisition, nor will there be any other adverse impacts on competition. Mike Janke surprised EJ&E fans when he photographed the J's SW1001 #446 sitting outside WSOR's Horicon paint shop, in this all new yellow and red scheme. It had worked on the EJ&E in the old LT paint scheme for a number of years.
The mitigation includes: In addition, the Board imposed a 5-year, formal oversight period, with applicants required to submit monthly operational reports to the Board.
Finally, the Board's decision also requires applicants to comply with mandatory labor protection, with their extensive voluntary environmental mitigation, and with the negotiated agreements that they have entered into with Amtrak and communities in Illinois and Indiana containing tailored mitigation that applicants have agreed to provide.
The acquisition, which will be financed with debt and cash-on-hand, is expected to be slightly accretive to CN's diluted earnings per share in the first year following STB approval.
The combination of the two rail networks is straightforward and will allow EJ&E's existing traffic to be moved more efficiently and at lower cost.
All original content on this site is Copyright ©2013 the EJ&E Archive - Email: [email protected] three volume set of books is being published by Morning Sun and written by John Eagan. The Last EJ&E Stateline Coal Train heads West on the Eastern Sub 1/31/09 by Bill Grenchik - 12/24/2008 - It Was a Good Fight, but Not Quite Enough STB Approves CN's Acquisition of Eligin, Joliet & Eastern Ry.
Volume One focuses on the Eastern Subdivision, and has already been released. The Surface Transportation Board today unanimously approved the Canadian National Railway Company and Grand Trunk Corporation application to acquire control of the Elgin, Joliet & Eastern Railway Company (EJ&E), subject to a number of Board-imposed conditions.
I'm sure we'll all hold out hope for a miracle, but past history shows us that the miracle rarely comes. EJ&E, a Class II railroad, operates over 198 main line miles of track encircling the City of Chicago from Waukegan, Ill., on the north, to Joliet, Ill., on the west, to Gary, Ind., on the southeast, and then to South Chicago. Hunter Harrison said: "This acquisition is good news for railroading in Chicago.
The EJ&E's flag is now at half mast and most likely due to be lowered. ---------------------------- - CN Press Release - CN to Acquire Key Operations of Elgin, Joliet and Eastern Railway for 0 Million MONTREAL, QUEBEC and PITTSBURGH, PENNSYLVANIA--(Marketwire - Sept. Transtar's remaining operations will become the Gary Railway. Chicago is essential to CN's rail operations, yet it presents us with major operational challenges. Surma said: "This transaction is positive for all involved.
We will apply our proven business model in implementing this acquisition using the measured, step-by-step approach we have employed in our previous transactions to flawlessly integrate these operations." - 9/25/2007 - New EJ&E Book Available - A new book has been released by Arcadia Publishing on July 9th that's titled: "Images of Rail - Elgin, Joliet & Eastern". The assumption was that the unit would receive the usual EJ&E green switcher scheme... USS apparently wants to have all switchers painted in this scheme from now on.
- 5/12/2007 - New Track for Shearson Line - It was discovered that the Shearson Line will apparently be receiving a fairly major upgrade soon... Speculation is that the BP oil refinery on the line will be eventually be producing more traffic, due to a switch to canadian crude oil.
In light of recent events, I wanted to make it as easy as possible for people who'd like to help document the EJ&E during the end.Tags: Adult Dating, affair dating, sex dating