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April 28, 2015 7:41 AM ET

Road and Rail

Company Overview of VIA Rail Canada Inc.

Company Overview

VIA Rail Canada Inc. provides national passenger rail services on behalf of the Government of Canada. The company provides intercity services, cross-Canada services, and services to remote communities through 12,500 kilometers of track connecting approximately 450 Canadian communities. It operates through a fleet 396 passenger cars and 78 locomotives. The company was founded in 1977 and is headquartered in Montreal, Canada.

3 Place Ville Marie

Suite 500

Montreal, QC H3B 2C9

Canada

Founded in 1977

2,600 Employees

Phone:

514-871-6000

Key Executives for VIA Rail Canada Inc.

Chief Executive Officer, President and Director
Chief Financial & Administration Officer
Chief Customer Experience & Operating Officer
Age: 60
Chef - Western Services
Chief & Senior Advisor to the President & Chief Executive Officer
Age: 59
Compensation as of Fiscal Year 2014.

VIA Rail Canada Inc. Key Developments

VIA Rail Seeks Finance

VIA Rail Canada Inc. is looking at raising CAD 3 billion in private investment to buy and build its own dedicated passenger tracks from Toronto to Ottawa and Montreal, a move that could speed up service dramatically. “We think there is enough money in the Canadian market to fund this type of investment,” Yves Desjardins-Siciliano, Chief Executive Officer and President of VIA Rail, said. “It’s an excellent time to raise money for infrastructure,” Desjardins said, pointing to low interest rates. If the plan is approved, VIA Rail could be raising money in Canada and around the world by this time next year, with dedicated passenger tracks in place in four to seven years.

VIA Rail Canada Continues Suspension of its Service between Toronto and Winnipeg Until Further Notice

VIA Rail Canada is continuing suspension of its service between Toronto and Winnipeg due to unfavorable operating conditions for passenger trains. The service was interrupted due to a CN freight train derailed in Northern Ontario on March 7th. Trains # 1 and # 2 will continue to operate between Vancouver (departures on Tuesdays and Fridays) and Winnipeg (departures on Mondays and Thursdays). VIA Rail continues to work closely with CN in order to assess the operational impacts of new train procedures implemented on Tuesday afternoon, following the resumption of their freight train services. These procedures do not allow VIA Rail to maintain the integrity of its schedule and would result in significantly longer trip times. VIA Rail will not be providing alternate transportation to affected passengers. Those who wish to cancel their reservations will receive a full refund. Those desiring to change their reservation for a later date may do so at the same price. VIA Rail regrets the inconvenience this situation may cause.

VIA RAIL Canada Announces New Via Rail Canada Services Between Québec City and Windsor

VIA RAIL Canada (VIA Rail) announced that Business class is now available on shorter trips for passengers departing from and going to intermediate cities such as Alexandria, Cornwall, Brockville, Kingston, Belleville, Cobourg, Oshawa, Chatham and Drummondville. New reduced fares for passengers travelling on shorter trips are also being introduced. Passengers can now book tickets starting from $20 for Economy class and $55 for Business class.

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