I have Question When CN and IC Merged They Became CN/IC. When Did it go back to being just CN and Why?
CN/IC was used for public relations only, the parent corporation always was CN, CN acquired IC. If for no other reason you cannot fully merge US and foreign railroads. The owners can be foreigners but there must be a US registered corporation actually operating the business with all STB mandated records kept in a US office. Legally the situation is this CN owns a US subsidiary named Grand Trunk Corporation which files taxes on CN’s US business and all necessary regulatory actions and reports. Officially Grand Trunk Corporation is a US Class I railroad, not CN. In turn Grand Trunk Corporation owns the following US railroads all of which still exist, but no longer act on their own behalf, except for certain matters such as property ownership.
Grand Trunk Western Railroad
Illinois Central Railroad
Elgin, Joliet & Eastern Rwy.
Duluth, Winnipeg & Pacific Rwy.
Duluth, Missabe & Iron Range RR.
Bessemer & Lake Erie RR.
Wisconsin Central RR.
All of these companies are 100 % owned by Grand Trunk Corp, which in turn is 100% owned by CN.
This is done to keep the preexisting debt arrangements separate. It also helps CN keep labor contracts separate.
To answer your basic question, as to “when,” here is the short answer: The Illinois Central Railroad was purchased by the Canadian National Railway on 11 February 1998, with integration of operations beginning on 1 July 1999.
The IC name was retained untl after.the 100th anniversary or another .significant.milestone in the history of IC.
The situation also exists in the other direction. Burlington Northern (Manitoba) Ltd is a Canadian subsidiary of BN/BNSF which owns the line to Winnipeg. The Canada Southern RR was a Canadian subsidiary of NYC/PC/CR which owned the Detroit-Buffalo main from Windsor to Fort Erie.
And of course the CPR situation wherein the D&H and the DM&E are subsidiaries of the SOO which in turn is 100% owned by the CPR.
Bruce
Grand Trunk Corp. also owns Chicago Central and Pacific**,**
US Class I is Soo Line Corp. the holding company which owns;
Soo Line Railroad
Delaware & Hudson Railway
Dakota, Minnesota & Eastern Railroad
Thank you, beaulieu. I’ve read that information many times, but it was not until I read your post that I understood the distinction
It now makes more sense to me. You have Soo Line Corp., like Grand Trunk Corporation, owning the operating entities, instead of one operating entity owning the other two.
Thanks again.
Bruce
I believe that Illinois Central still exists as a separate corporation (controlled, of course, by CN), but the railroad operates under the CN monicker. The same is true of Soo Line, which still exists but operates under the CP monicker.