Major Changes On The Way For CN

Oct 20, 2021

Big changes are coming to CN rail.

Embattled CEO JJ Ruest says he will retire from the post early next year. That announcement comes about a month after CN failed in its bid to take over Kansas city southern. Although CN's bid was more lucrative than a bid made earlier by Calgary based CP rail, there were problems with the bid that forced CN to back out. That angered some of the major investors with CN like London based TCI fund management. It quickly called for a shake-up of CN's top brass and even wanted a former CP executive named as CEO.

The company shared the results of their third quarter on Tuesday and revenues did increase by 5 percent to over 3.5 billion dollars. Gross tonne miles decreased over the quarter due to reduced volumes of Canadian grain, compared to the record volumes seen in the third quarter of 2020.

Meanwhile, CP's bid to take over KC southern is moving forward, and should be completed within a year.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.