CN Marine [SEP] inception
CN Marine
CN Marine was a Canadian ferry company headquartered in Moncton, New Brunswick.
History.
CN Marine was created by parent Canadian National Railway (CN) in 1977 as a means to group the company's ferry operations in eastern Canada into a separate operating division. It had previously been part of the Canadian National Steamship Company. The majority of these ferries also required federal subsidies to supplement fares, thus CN was unwilling to have the operating losses appear in the railway's accounts. CN Marine also operated the
Government Merchant Marine Ltd, giving it a fleet of about 45 cargo ships. When France surrendered to Germany in June 1940 the Canadian Government seized CGT's MV "Maurienne" and contracted CN to manage her.
History Pros and cons of nationalization.
Regardless of the political and economic importance of railway transportation in Canada, there were many critics of the Canadian government's policies in maintaining CNR as a Crown corporation from its inception in 1918 until its privatization in 1995. Some of the most scathing criticism came from the railway industry