Canadian National Railway
The Canadian National Railway (French: Canadien National) (reporting mark CN) is a Canadian Class I freight railway headquartered in Montreal, Quebec, which serves Canada and the Midwestern and Southern United States.
|Locale||Canada and the contiguous United States|
|Dates of operation||6 June 1919–present|
|Track gauge||4 ft 8+1⁄2 in (1,435 mm) standard gauge|
|Previous gauge||3 ft 6 in (1,067 mm)|
|Length||32,831 km (20,400 mi)|
|Predecessor||Canadian Northern Railway|
|Founded||6 June 1919|
|Founder||Government of Canada|
|Canada, United States|
(President and CEO)
Margaret A. McKenzie
(Founder and CFO)
|Revenue||CA$14.912 billion (2019)|
|CA$5.593 billion (2019)|
|CA$4.216 billion (2019)|
|Owner||Bill Gates through Cascade Investment (14.4%) and Bill & Melinda Gates Foundation (2.14%)
MFS Investment Management (4.8%)
Wellington Management Company (3.17%)
The Vanguard Group (2.77%)BlackRock (2.4%)
Number of employees
CN is Canada's largest railway, in terms of both revenue and the physical size of its rail network, spanning Canada from the Atlantic coast in Nova Scotia to the Pacific coast in British Columbia across approximately 20,400 route miles (32,831 km) of track. In the late 20th century, CN gained extensive capacity in the United States by taking over such railroads as the Illinois Central.
CN is a public company with 24,000 employees, and as of July 2019[update] it has a market cap of approximately CA$90 billion. CN was government-owned, having been a Canadian Crown corporation from its founding in 1919 until being privatized in 1995. As of 2019[update], Bill Gates is the largest single shareholder of CN stock, owning a 10.04% interest through Cascade Investment and his own Bill and Melinda Gates Foundation.
From 1919 to 1960, the railway was referred to as "Canadian National Railways" (CNR).