CN Rail cuts ribbon on $200 million logistics park

CALGARY – CN Rail on Tuesday formally unveiled its new $200 million Calgary Logistics Park, a facility the railway says will help cement Calgary’s reputation as a major transportation hub.

Claude Mongeau, president and CEO of the Montreal-based railway, was on hand for the ribbon-cutting at the 1,000-acre site in Conrich, located just east of Calgary in Rocky View County.

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Microsoft founder Bill Gates ups stake in Canadian National Railways to 12%

VANCOUVER – Bill Gates has increased his overall stake in Canadian National Railway Co. (TSX:CNR) to about 12 per cent.

Cascade Investment LLC, a company owned by the billionaire founder of tech giant Microsoft, says it has acquired an additional 13,670 shares of Canada’s largest railway for $1.25 million.

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