Wednesday, November 12, 2008

No “Fast Pass” for Canadian National

The efforts of Canadian National Railway to force federal regulators to grant it permission to take over the 198-mile Elgin Joliet and Eastern Railroad.

The purchase of the circumferential route would allow CN to bypass Chicago congestion.

It sought appellate court permission to expedite the $300 million deal, but did not get it.

The Chicago Tribune article by Richard Wronski says the CN must wait for the completion of the environmental impact statement

Outer suburbs like Barrington oppose the purchase, while inner suburbs are in favor.



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