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Chemin de fer de la Matapédia et du Golfe

Transportation Company - Chemin de fer de la Matapédia et du Golfe - Railroad
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Company NameChemin de fer de la Matapédia et du Golfe
CategoryRailroad
Year Founded1998
Final Year of Operation2008
TerminationAcquired
Successor/ParentCanadian National (Details)
CountryCanada (Details)
Source of TextBluford Shops
Text Credit URLLink
Transportation Company - Chemin de fer de la Matapédia et du Golfe - Railroad



Company History: CFMG was established in 1998 by the Quebec Railway Corporation shortline group to purchase from Canadian National their line from Matapedia to Mont-Joli, Quebec. The following year, they also purchased from CN the line from Matane through Mont-Joli and on to Riviere du Loup. In 2008, Canadian National reversed course and offered Quebec Railway Corp just under $50 million for the CFMG and their sister roads Ottawa Central, New Brunswick East Coast, and Compagnie de gestion de Matane. They accepted and the four roads were merged into CN.
Successor/Parent History:
The Canadian National Railway Company (reporting mark CN) is a Canadian Class I railway headquartered in Montreal, Quebec that serves Canada and the Midwestern and Southern United States. CN's slogan is "North America's Railroad". CN is a public company with 24,000 employees. It had a market capitalization of 32 billion CAD in 2011. CN was government-owned, having been a Canadian Crown corporation from its founding to its privatization in 1995. Bill Gates was, in 2011, the largest single shareholder of CN stock.

CN is the largest railway in Canada, in terms of both revenue and the physical size of its rail network, and is currently Canada's only transcontinental railway company, spanning Canada from the Atlantic coast in Nova Scotia to the Pacific coast in British Columbia. Its range once reached across the island of Newfoundland until 1988, when the Newfoundland Railway was abandoned.

Following CN's purchase of Illinois Central (IC) and a number of smaller US railways, it also has extensive trackage in the central United States along the Mississippi River valley from the Great Lakes to the Gulf of Mexico. Today, CN owns about 20,400 route miles (32,831 km) of track in 8 provinces (the only two not served by CN are Newfoundland & Labrador and Prince Edward Island), as well as a 70-mile (113 km) stretch of track (see Mackenzie Northern Railway) into the Northwest Territories to Hay River on the southern shore of Great Slave Lake; it is the northernmost rail line anywhere within the North American Rail Network, as far north as Anchorage, Alaska (although the Alaska Railroad goes further north than this, it is isolated from the rest of the rail network).

The railway was referred to as the Canadian National Railways (CNR) between 1918 and 1960, and as Canadian National/Canadien National (CN) from 1960 to the present.

Read more on Wikipedia.
Brief History:
Canada is a North American country stretching from the U.S. in the south to the Arctic Circle in the north. Major cities include massive Toronto, west coast film centre Vancouver, French-speaking Montréal and Québec City, and capital city Ottawa. Canada's vast swaths of wilderness include lake-filled Banff National Park in the Rocky Mountains. It's also home to Niagara Falls, a famous group of massive waterfalls.
Item created by: gdm on 2020-10-25 15:58:18

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