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50-568: Armstrong Station has access points to this remote park by Caribou Lake Road, Little Caribou Lake, canoe, float plane, or rail. The main line of the Canadian National Railway skirts the south end of the park and Via Rail provides passenger service twice a week. Paddlers (mostly canoeing) often travel the Allan Water , Flindt , Pikitigushi , and Ogoki River (along with a number of additional extended waterways) during

100-469: A Canadian corporation. Following the successful IPO, CN has recorded impressive gains in its stock price, largely through an aggressive network rationalization and purchase of newer more fuel-efficient locomotives. Numerous branch lines were shed in the late 1990s across Canada, resulting in dozens of independent short line railway companies being established to operate former CN track that had been considered marginal. This network rationalization resulted in

150-690: A blue-plate tourist service, the Rocky Mountaineer , with fares well over double what the BCR coach fares had been. CN also announced in October 2003 an agreement to purchase Great Lakes Transportation (GLT), a holding company owned by Blackstone Group for US$ 380 million. GLT was the owner of Bessemer & Lake Erie Railroad , Duluth, Missabe and Iron Range Railway (DM&I), and the Pittsburgh & Conneaut Dock Company. The key instigator for

200-467: A core east–west freight railway stretching from Halifax to Chicago and Toronto to Vancouver and Prince Rupert . The railway also operated trains from Winnipeg to Chicago using trackage rights for part of the route south of Duluth. In addition to the rationalization in Canada, the company also expanded in a strategic north–south direction in the central United States . In 1998, in an era of mergers in

250-409: A different political party or faction is in power. A re-nationalization process may also be called "reverse privatization". Nationalization has been used to refer to either direct state-ownership and management of an enterprise or to a government acquiring a large controlling share of a publicly listed corporation . According to research by Paasha Mahdavi, leaders who consider nationalization face

300-482: A dilemma: "nationalize and reap immediate gains while risking future prosperity, or maintain private operations, thereby passing on revenue windfalls but securing long-term fiscal streams." He argues that leaders "nationalize extractive resources to extend the duration of their power" by using "this increased capital to secure political support." Nationalization can have positive and negative effects. In 2019 research based on studies from Greenwich University found that

350-426: A government to take property in certain situations. Due to political risks that are involved when countries engage in international business, it is important to understand the expropriation risks and laws within each of the countries in which business is conducted in order to understand the risks as an investor in that country. Studies have found that nationalization follows a cyclical trend. Nationalization rose in

400-627: A great deal of public and political attention. Canada was one of many nations to engage in railway nationalization in order to safeguard critical transportation infrastructure during the First World War . In the early 20th century, many governments were taking a more interventionist role in the economy, foreshadowing the influence of economists like John Maynard Keynes . This political trend, combined with broader geo-political events, made nationalization an appealing choice for Canada. The Winnipeg General Strike of 1919 and allied involvement in

450-470: A later stage, they are said to have undergone renationalization . Industries often subject to nationalization include telecommunications , electric power , fossil fuels , railways , airlines , iron ore , media , postal services , banks , and water (sometimes called the commanding heights of the economy ), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to

500-613: A north–south NAFTA railway (in reference to the North American Free Trade Agreement ). CN was then feeding Canadian raw material exports into the U.S. heartland and beyond to Mexico through a strategic alliance with Kansas City Southern Railway (KCS). In 1999, CN and BNSF Railway , the second largest rail system in the U.S., announced their intent to merge, forming a new corporate entity North American Railways , headquartered in Montreal to conform to

550-528: A possible merger of the two companies. This was later rejected by the Government of Canada, whereupon CPR offered to purchase outright all of CN's lines from Ontario to Nova Scotia, while an unidentified U.S. railroad (rumoured to have been Burlington Northern Railroad ) would purchase CN's lines in western Canada. This too was rejected. In 1995, the entire company including its U.S. subsidiaries reverted to using CN exclusively. The CN Commercialization Act

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600-545: A strategy to build socialism, more commonly nationalization was also undertaken and used to protect and develop industries perceived as being vital to a nation's competitiveness (such as aerospace and shipbuilding), or to protect jobs in certain industries. Nationalization has had varying levels of support throughout history. After the Second World War , nationalization was supported by social democratic and democratic socialist parties throughout Western Europe, such as

650-774: Is a Canadian Class I freight railway headquartered in Montreal, Quebec , which serves Canada and the Midwestern and Southern United States . CN is Canada's largest railway, in terms of both revenue and the physical size of its rail network, spanning Canada from the Atlantic coast in Nova Scotia to the Pacific coast in British Columbia across approximately 20,000 route miles (32,000 km) of track. In

700-401: Is the seizure of private property by a public agency for a purpose deemed to be in the public interest. It may also be used as a penalty for criminal proceedings. Expropriation differs from eminent domain in that the property owner is not compensated for the seized property. Unlike eminent domain, expropriation may also refer to the taking of private property by a private entity authorized by

750-605: The CN Commercialization Act of 1995. The merger announcement by CN's Paul Tellier and BNSF's Robert Krebs was greeted with skepticism by the U.S. government's Surface Transportation Board (STB), and protested by other major North American rail companies, namely CPR and Union Pacific Railroad (UP). Rail customers also denounced the proposed merger, following the confusion and poor service sustained in southeastern Texas in 1998 following UP's purchase of Southern Pacific Railroad two years earlier. In response to

800-591: The Connecticut River valley from Quebec to Long Island Sound ; and the Berlin subdivision to Portland, Maine , known informally as the Grand Trunk Eastern , sold to a short-line operator in 1989. In 1992, a new management team led by ex-federal government bureaucrats, Paul Tellier and Michael Sabia , started preparing CN for privatization by emphasizing increased productivity. This

850-585: The Russian Revolution seemed to validate the continuing process. The need for a viable rail system was paramount in a time of civil unrest and foreign military action. Bessemer & Lake Erie Railroad The B&LE was acquired with the purchase of Great Lakes Transportation and the DM&;IR. British Columbia Railway In 2003, BCOL sold to Canadian National and leased the railroad to CN for 60 years. Central Vermont Railway Central Vermont

900-649: The 1960s and 1970s, followed by an increase in privatization in the 80s and 90s, followed again by an increase in nationalization in the 2000s and 2010s. The term appears as "expropriation of expropriators ( ruling classes )" in Marxist theory , and also as the slogan "Loot the looters!" ("грабь награбленное"), which was very popular during the Russian October Revolution . The term is also used to describe nationalization campaigns by communist states , such as dekulakization and collectivization in

950-544: The British Labour Party . In the United States, potentially nationalizing healthcare is often a topic of political disagreement and makes frequent appearances in debates between political candidates. A 2020 poll shows that a majority (63%) of Americans support a nationalized healthcare system. A re-nationalization occurs when state-owned assets are privatized and later nationalized again, often when

1000-503: The Montreal commuter trains are now operated by Montreal's EXO . On November 17, 1995, the Government of Canada privatized CN. Over the next decade, the company expanded significantly into the United States, purchasing Illinois Central Railroad and Wisconsin Central Transportation , among others. The excessive construction of railway lines in Canada led to significant financial difficulties striking many of them, in

1050-511: The U.S. rail industry, CN bought the Illinois Central Railroad (IC), which connected the already existing lines from Vancouver , British Columbia, to Halifax , Nova Scotia, with a line running from Chicago, Illinois, to New Orleans , Louisiana. This single purchase of IC transformed CN's entire corporate focus from being an east–west uniting presence within Canada (sometimes to the detriment of logical business models) into

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1100-567: The USSR . However, nationalization is not a specifically socialist strategy, and Marxism's founders were skeptical of its value. As Engels put it: Therein precisely lies the rub; for, so long as the propertied classes remain at the helm, nationalisation never abolishes exploitation but merely changes its form — in the French, American or Swiss republics no less than in monarchist Central, and despotic Eastern, Europe. Nikolai Bukharin also criticised

1150-649: The deal was the fact that since the Wisconsin Central purchase, CN was required to use DM&I trackage rights for a short 18 km (11 mi) "gap" near Duluth, Minnesota , on the route between Chicago and Winnipeg. To purchase this short section, CN was told by GLT it would have to purchase the entire company. Also included in GLT's portfolio were eight Great Lakes vessels for transporting bulk commodities such as coal and iron ore as well as various port facilities. Following Surface Transportation Board approval for

1200-635: The former owners . Nationalization is distinguished from property redistribution in that the government retains control of nationalized property . Some nationalizations take place when a government seizes property acquired illegally. For example, in 1945 the French government seized the car-maker Renault because its owners had collaborated with the 1940–1944 Nazi occupiers of France . In September 2021, Berliners voted to expropriate over 240,000 housing units , many of which were being held unoccupied as investment property. Economists distinguish between nationalization and socialization , which refers to

1250-598: The government. Primarily a freight railway, CN also operated passenger services until 1978, when they were assumed by Via Rail . The only passenger services run by CN after 1978 were several mixed trains (freight and passenger) in Newfoundland , and several commuter trains both on CN's electrified routes and towards the South Shore in the Montreal area (the latter lasted without any public subsidy until 1986). The Newfoundland mixed trains lasted until 1988, while

1300-442: The largest single shareholder of CN stock, owning a 14.2% interest through Cascade Investment and his own Bill and Melinda Gates Foundation . From 1919 to 1978, the railway was known as "Canadian National Railways" (CNR). The Canadian National Railways (CNR) was incorporated on June 6, 1919, comprising several railways that had become bankrupt and fallen into Government of Canada hands, along with some railways already owned by

1350-468: The late 20th century, CN gained extensive capacity in the United States by taking over such railroads as the Illinois Central . CN is a public company with 22,600 employees and, as of July 2024 , a market cap of approximately US$ 75 billion. CN was government-owned, as a Canadian Crown corporation , from its founding in 1919 until being privatized in 1995. As of 2019 , Bill Gates was

1400-482: The lost and/or abandoned canoe routes that lie within Wabakimi Provincial Park and on adjacent Crown lands. The Friends of Wabakimi is an Ontario non-profit that advocates for canoe routes and protection of the greater Wabakimi area. Canadian National Railway The Canadian National Railway Company ( French : Compagnie des chemins de fer nationaux du Canada ) ( reporting mark CN )

1450-770: The motivations of the nationalizing party. Nationalization was employed towards the Panama Canal by the Panamanian Government, which came under the Panama Canal Authority in 1999, to internationally positive effect. Likewise, the Suez Canal was nationalized multiple times throughout history. In Germany, the Federal Press [ Bundesdruckerei ] was nationalized in 2008 with positive revenue and net income since. Expropriation

1500-498: The nationalization of key services such as water, bus, railways and broadband in the United Kingdom could save £13bn every year. Nationalization may produce other effects, such as reducing competition in the marketplace, which in turn reduces incentives to innovation and maintains high prices. In the short run, nationalization can provide a larger revenue stream for government but may cause that industry to falter depending on

1550-777: The northernmost trackage of the contiguous North American railway network. Since being purchased by CN in 2006, it has been officially known as the Meander River Subdivision. Newfoundland Railway On 31 March 1949, CNR acquired the assets of the Newfoundland Railway , which in 1979 were reorganized into Terra Transport . CN officially abandoned its rail network in Newfoundland on 1 October 1988. Savage Alberta Railway On December 1, 2006, CN announced that it had purchased Savage Alberta Railway for $ 25 million and that it had begun operating

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1600-437: The owner of EWS , the principal freight train operator in the United Kingdom. On May 13, 2003, the provincial government of British Columbia announced the provincial Crown corporation , BC Rail (BCR), would be sold with the winning bidder receiving BCR's surface operating assets (locomotives, cars, and service facilities). The provincial government is retaining ownership of the tracks and right-of-way. On November 25, 2003, it

1650-437: The process of restructuring the economic framework, organizational structure, and institutions of an economy on a socialist basis. By contrast, nationalization does not necessarily imply social ownership and the restructuring of the economic system . Historically, states have carried out nationalizations for various different purposes under a wide variety of different political systems and economic systems . Nationalization

1700-771: The rail industry, shippers, and political pressure, the STB placed a 15-month moratorium on all rail-industry mergers, effectively scuttling CN-BNSF plans. Both companies dropped their merger applications and have never refiled. After the STB moratorium expired, CN purchased Wisconsin Central (WC) in 2001, which allowed the company's rail network to encircle Lake Michigan and Lake Superior , permitting more efficient connections from Chicago to western Canada. The deal also included Canadian WC subsidiary Algoma Central Railway (ACR), giving access to Sault Ste. Marie and Michigan's Upper Peninsula . The purchase of Wisconsin Central also made CN

1750-918: The railway the same day. TransX Group of Companies In 2018, CN acquired the Winnipeg-based TransX Group of Companies. Transx continues to operate independently. Wisconsin Central Railroad In January 2001, CN acquired the WC for $ 800 million. CN's railway network in the late 1980s consisted of the company's Canadian trackage, along with the following U.S. subsidiary lines: Grand Trunk Western Railroad (GTW) operating in Michigan , Indiana , and Illinois ; Duluth, Winnipeg and Pacific Railway (DWP) operating in Minnesota ; Central Vermont Railway (CV) operating down

1800-572: The sale of BC Rail. Also contested was the economic stimulus package the government gave cities along the BC Rail route. Some saw it as a buy-off to get the municipalities to cooperate with the lease, though the government asserted the package was intended to promote economic development along the corridor. Passenger service along the route had been ended by BC Rail a few years earlier due to ongoing losses resulting from deteriorating service. The cancelled passenger service has subsequently been replaced by

1850-681: The summer months. Wabakimi Provincial Park's waterways straddle a height-of-land from which water flows either to the Atlantic Ocean via Lake Superior or to the Arctic Ocean via the James Bay / Hudson Bay basins. Several provincial waterway parks connect to Wabakimi: Many camps and outfitters use Wabakimi including Keewaydin Canoe Camp. The Wabakimi Project (2004-2018) was a not-for-profit effort to rediscover and explore

1900-423: The system was more or less finalized at that point. However, certain related lawsuits were not resolved until as late as 1936. Canadian National Railways was born out of both wartime and domestic urgency. Until the rise of the personal automobile and creation of taxpayer-funded all-weather highways, railways were the only viable long-distance land transportation available in Canada. As such, their operation consumed

1950-414: The transaction shortly thereafter. The EJ&E lines create a bypass around the western side of heavily congested Chicago-area rail hub and its conversion to use for mainline freight traffic is expected to alleviate substantial bottlenecks for both regional and intercontinental rail traffic subject to lengthy delays entering and exiting Chicago freight yards. The purchase of the lightly used EJ&E corridor

2000-460: The transaction, CN completed the purchase of GLT on May 10, 2004. On December 24, 2008, the STB approved CN's purchase for $ 300 million of the principal lines of the Elgin, Joliet & Eastern Railway Company (EJ&E) ( reporting mark EJE) from the U.S. Steel Corporation , originally announced on September 27, 2007. The STB's decision was to become effective on January 23, 2009, with a closure of

2050-623: The two railroads were formally amalgamated into the CN system. Iowa Northern Railway In 2023, CN acquired the Iowa Northern Railway , but the transaction is awaiting approval by the Surface Transportation Board (STB). Mackenzie Northern Railway In 2006, CN acquired Mackenzie Northern Railway , previously purchased by RailAmerica . This purchase allowed CN to increase their network footprint and hold

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2100-555: The years leading up to 1920: The Canadian National Railway Company then evolved through the following steps: GTR management and shareholders opposed to nationalization took legal action, but after several years of arbitration, the GTR was finally absorbed into the CNR on January 30, 1923. Although several smaller independent railways would be added to the CNR in subsequent years as they went bankrupt or it became politically expedient to do so,

2150-435: Was achieved largely through aggressive cuts to the company's management structure, widescale layoffs in its workforce and continued abandonment or sale of its branch lines. In 1993 and 1994, the company experimented with a rebranding that saw the names CN , Grand Trunk Western , and Duluth, Winnipeg, and Pacific replaced under a collective CN North America moniker. In this time, CPR and CN entered into negotiations regarding

2200-488: Was announced CN's bid of CA$ 1   billion would be accepted over those of CPR and several U.S. companies. The transaction was closed effective July 15, 2004. Many opponents – including CPR – accused the government and CN of rigging the bidding process, though this has been denied by the government. Documents relating to the case are under court seal, as they are connected to a parallel marijuana grow-op investigation connected with two senior government aides also involved in

2250-409: Was enacted into law on July 13, 1995, and by November 28, 1995, the Government of Canada had completed an initial public offering (IPO) and transferred all of its shares to private investors. Two key prohibitions in this legislation include, 1) that no individual or corporate shareholder may own more than 15% of CN, and 2) that the company's headquarters must remain in Montreal , thus maintaining CN as

2300-607: Was merged with Central Vermont in 1971 with the creation of the Grand Trunk Corporation. In 1991 the GTW was merged with CN under the "North America" consolidation program. Many of GTWs locomotives and rolling stock would be repainted and the motive power would get the new CN scheme. Illinois Central Railroad In 1998, IC was purchased by CN, which also acquired the Chicago Central in the deal. A year later,

2350-645: Was nationalized in 1918 and consolidated into the Grand Trunk Western in 1971 with the creation of the Grand Trunk Corporation. Duluth Missabe & Iron Range Railroad The DM&IR was purchased by Great Lakes Transportation and in 2011 the DM&IR was merged into CN's Wisconsin Central Subsidiary. The DM&IR was acquired at the same time as the Bessemer & Lake Erie Railroad. Duluth Winnipeg & Pacific Railroad The DWP

2400-570: Was nationalized with CN in 1918 and became a part of CN's Grand Trunk Corporation in 1971. In 2011 the DWP was merged into the larger Wisconsin Central Subsidiary of CN. Elgin, Joliet and Eastern Railway In 2009, CN acquired the Elgin, Joliet and Eastern Railway to assist with traffic congestion in Chicago and the surrounding area. In 2013 EJ&E was merged into the greater Wisconsin Central Subsidiary of CN. Grand Trunk Western Railroad The GTW

2450-436: Was one of the major mechanisms advocated by reformist socialists and social democrats for gradually transitioning to socialism. In this context, the goals of nationalization were to dispossess large capitalists, redirect the profits of industry to the public purse, and establish some form of workers' self-management as a precursor to the establishment of a socialist economic system. Although sometimes undertaken as part of

2500-605: Was positioned by CN as a boon not only for its own business but for the efficiency of the entire U.S. rail system. Nationalization Nationalization ( nationalisation in British English ) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state . Nationalization contrasts with privatization and with demutualization . When previously nationalized assets are privatized and subsequently returned to public ownership at

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