CN Rail Seals Deal With Amtrak For Certain US Passenger Services

01:41 PM EDT, 09/16/2026 (MT Newswires) -- CN Rail (CNR.TO) said Thursday that its US rail subsidiaries and the National Railroad Passenger Corporation (Amtrak) have reached an eight-year deal governing Amtrak passenger service on CN-owned rail lines. The agreement resolves proceedings that were before the Surface Transportation Board (STB) concerning certain Amtrak services, a statement said. It establishes a revised performance payment system better aligned with the Federal Railroad Administration's on-time performance standard, regular reviews of Amtrak's schedules, and processes to address operational issues and resolve disputes. Amtrak will also equip its trains operating on CN's network with Onboard Shunt Enhancers (OSEs), a safety technology that improves how trains are detected as they approach rail grade crossings. "CN is pleased to have reached agreements that allow us to move forward with a clear framework for safely and efficiently sharing our network. Together with the deployment of OSE technology, these agreements will support safer grade crossings and reliable passenger and freight service," said CN Chief Operating Officer Patrick Whitehead. CN Rail shares were last seen down CA$1.79 at CA$167.81 on the Toronto Stock Exchange. Price: 167.67, Change: -1.93, Percent Change: -1.14