$5B Canadian Rail Expansion Stalls As Study Called Off

Law360, New York (February 12, 2013, 3:35 PM ET) -- Canadian National Railway put the brakes on a $5 billion effort to expand its operations deeper into northern Quebec, saying Tuesday that it would postpone a feasibility study tied to a proposed 500-mile rail line that would service a new iron ore mine.

Bringing a halt to the study that has been under way since August, CN said differences between its partners' on-site aims and a slowed-down broader marketplace drove it to hold off on the study. The effort would have built a railway to link...
To view the full article, register now.