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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.As in past transactions, CN is committed to keeping gateways open and honoring trackage rights agreements with all connecting carriers. Trafton, CN's Senior Vice-President, Southern Region, said: "This acquisition will bring EJ&E's experienced railroaders into the CN family and will bridge what has been the missing link to connect the Eastern, Western, and Southern regions of CN's network. The unit was recently refurbished by the EJ&E shops, and Edward Weisensel had also photographed #446 as it arrived to Horicon for paint.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.You may be able to find some help at the US Railroad Retirement Board site at: the Will County Historical Society also has some original EJ&E employee records dating back to the 1880's.Their site is at: And lastly, there is the: Will County Genealogical Site at: The "EJ&E Archive" site is in no way directly affiliated with the Elgin, Joliet & Eastern Railway Co., Transtar Inc., US Steel Corp., or the Canadian National Railway Company.
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.
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.