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  • BREAKING

    BANK OF CANADA LEAVES KEY INTEREST RATE UNCHANGED AT 1.75%
  • BREAKING

    BOC ESTIMATES NETURAL RATE BETWEEN 2.25% AND 3.25%
  • BREAKING

    BOC: GLOBAL GROWTH HAS SLOWED BY MORE THAN PREVIOUSLY ESTIMATED
  • BREAKING

    BANK OF CANADA ABANDONS BIAS FOR HIGHER INTEREST RATES
  • BREAKING

    BANK OF CANADA CUTS 2019 GDP GROWTH FORECAST TO 1.2% FROM 1.7%
  • BREAKING

    BOC EXPECTS REBOUND IN GDP GROWTH TO 2.1% IN 2020, 2% IN 2021
  • BREAKING

    TRADE TENSION AND HOUSING WEAKNESS WEIGH ON BOC OUTLOOK
  • BREAKING

    BOC: INFLATION NEAR 2% AND TO REMAIN ON TARGET THROUGH 2021

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Oct 30, 2018

CN Rail buying trucking company TransX

The story behind CN Rail’s acquisition of TransX

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MONTREAL -- Canadian National Railway Co. (CNR.TO) has signed a deal to acquire the Winnipeg-based TransX Group of Companies.

Financial terms of the deal for the privately owned trucking firm were not disclosed.

CN chief executive JJ Ruest says the deal will help strengthen the company's intermodal business, notably the refrigerated segment.

The companies say TransX will continue to be based in Winnipeg and will operate independently.

TransX was founded in 1963 and has 3,000 employees.

The acquisition is subject to review by the Competition Bureau and Ministry of Transportation.