Canadian National Railway acquires key operations of a Chicago-area line owned by United States Steel

摘要

United States Steel Corp (Pittsburgh) and Canadian National Railway Co (Montreal) announced September 26 that their boards had approved an agreement under which CN will acquire the major portion of the Elgin, Joliet and Eastern Railway Co. EJ&E is owned by the USS rail subsidiary Transtar, for 300 million dollars (the Canadian and the US dollar are about at parity). Transtar will retain the workforce, equipment, and railroad assets that support the Gary Works site in northwest Indiana and other USS operations.