The railroad was government-owned, having been a Canadian Crown corporation from its founding to its privatization in 1995.
Its range once reached across the island of Newfoundland until 1988, when the Newfoundland Railway was abandoned.
Today the Railroad is still in business.
The railroad also travels in the United States as American locomotives.
The Canadian National Railways (CNR) was incorporated on June 6, 1919, comprising several railways that had become bankrupt and fallen into federal government hands, along with some railways already owned by the government.
Another Canadian railway, the Grand Trunk Pacific Railway (GTPR), encountered financial difficulty on March 7, 1919, when its parent company Grand Trunk Railway (GTR) defaulted on repayment of construction loans to the federal government.
The Canadian National owns lots of diesel locomotives.
The Railroad also owns a couple of Steam, and Electric locomotives