The CN's been doing some trackwork nearby, when I spotted this high rail crane truck parked trackside.
I know the CN bought the IC in 1998. I'm curious if this is some kind of holding company arrangement, contract or tax issue.
Rusty
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Doubt anyone who doesn't work for the company will know the true answer(s). Since they (CN) probably owned all the IC tradenames and logos after the acquisition, this could be a newly created "legal entity" for a myriad purposes, including cross-border tax purposes and liability purposes.
Chuck
Technically, a Canadian railroad can't operate in the US (or vice versa) although law changes in the 1990s do allow a Canadian railroad to own an American railroad (or own a controlling amount of stock in it). So for example Canadian Pacific's lines in the US are actually part of the Soo Line, a US railroad headquartered in Minneapolis. If the KCS acquisition goes through OK, that will change so CP's US lines will be under Kansas City Southern with their HQ in Kansas City. Similar for CN, you can see engines in full CN lettering except for sub-lettering for US lines like the Missabe (DMIR) or Illinois Central (IC) on the cab sides for example.
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