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: Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.

What happens when a farm buys its first Fendt? For Peter Watson Jones Ltd, the Fendt 726 Vario Gen7 has exceeded expectations from day one. For Jack, Farm Manager at Peter Watson Jones Ltd in North Shropshire, UK, the Fendt 726 Vario Gen7 wasn't just another tractor purchase. It was the farm's first experience with the Fendt brand.

Operating across a 1,200-acre arable farm alongside a 250,000-head broiler enterprise, the business has evolved significantly over the last decade, moving to a straight arable system with fewer staff and machines. Since arriving on the farm, the Fendt 726 Vario has established itself as the main drilling and cultivations tractor, earning its place through performance, versatility and efficiency. Whether it's handling large-scale cultivations or working with a new 4.5m strip-till drill, the tractor continues to impress.

Jack highlights its excellent manoeuvrability, operator comfort and ability to deliver strong pulling power at low engine speeds. The result? Outstanding fuel efficiency without compromising performance. Reliability has also been a key factor, with dependable backup from the team at TR Machinery helping to keep the tractor working when it matters most.

?? Watch as Jack shares why the Fendt 726 Vario Gen7, the farm's first Fendt, has made such a strong impression and become an integral part of their operation.