HALIFAX, Nov. 8 /PRNewswire/ - CN (TSX: CNR) (NYSE:CNI)
said new supply chain efficiencies have reduced dwell times for
European import vehicles handled by CN's Autoport Terminal in
Halifax by approximately 25 per
cent since implementation last spring.
The Autoport facility - one of the largest import vehicle
processing facilities in North
America - receives vehicles from ocean-going vessels and
transfers them to rail cars for distribution across inland CN
Autoport facilities in Canada.
Jean-Jacques Ruest, CN executive vice-president and chief
marketing officer, said: "CN Autoport undertook a comprehensive
review of supply chain steps to reduce port dwell times and adopted
a transit time approach from ship discharge to dealer delivery via
our 10 major automotive facilities in Canada. These new processes now help us get
our customers' vehicles to market more quickly."
Kevin Agnew, managing director of
the Importers Transport Council representing automakers BMW, Volvo,
Land Rover, Jaguar, Subaru and Suzuki, said: "CN Autoport services
have helped our member companies improve the consistency and speed
of delivery of vehicles to their Canadian dealer networks."
Al Dunn, purchasing manager of
Ford Export & Global Growth Operations, said: "We have selected
CN Autoport at Halifax to handle
our new Transit Connect (compact panel van) for distribution
through Canada because of the
port's ideal location for reaching the Canadian market, CN's rail
network throughout Canada, and
Autoport's reputation for quality and its efficiency in processing
vehicles."
Ruest said: "CN is committed to supply chain innovation to help
make our automotive customers more competitive and succeed in their
markets. CN is working with its partners to become part of a
world-class supply chain."
CN Autoport offers a range of services through 15 processing
facilities across Canada and
the United States. CN handles
imported vehicles through the ports of Halifax and Vancouver.
Forward-Looking Statements
Certain information included in this news release constitutes
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and under
Canadian securities laws. CN cautions that, by their nature, these
forward-looking statements involve risks, uncertainties and
assumptions. The Company cautions that its assumptions may not
materialize and that current economic conditions render such
assumptions, although reasonable at the time they were made,
subject to greater uncertainty. Such forward-looking statements are
not guarantees of future performance and involve known and unknown
risks, uncertainties and other factors which may cause the actual
results of performance of the Company or the rail industry to be
materially different from the outlook or any future results or
performance implied by such statements. Important factors that
could affect the above forward-looking statements include, but are
not limited to, the effects of general economic and business
conditions, industry competition, inflation, currency and interest
rate fluctuations, changes in fuel prices, legislative and/or
regulatory developments, compliance with environmental laws and
regulations, actions by regulators, various events which could
disrupt operations, including natural events such as severe
weather, droughts, floods and earthquakes, labor negotiations and
disruptions, environmental claims, uncertainties of investigations,
proceedings or other types of claims and litigation, risks and
liabilities arising from derailments, and other risks detailed from
time to time in reports filed by CN with securities regulators in
Canada and the United States. Reference should be made to
"Management's Discussion and Analysis" in CN's annual and interim
reports, Annual Information Form and Form 40-F filed with Canadian
and U.S. securities regulators, available on CN's website, for a
summary of major risks.
CN assumes no obligation to update or revise forward-looking
statements to reflect future events, changes in circumstances, or
changes in beliefs, unless required by applicable Canadian
securities laws. In the event CN does update any forward-looking
statement, no inference should be made that CN will make additional
updates with respect to that statement, related maters, or any
other forward-looking statement.
CN - Canadian National Railway Company and its operating railway
subsidiaries - spans Canada and
mid-America, from the Atlantic and Pacific oceans to the
Gulf of Mexico, serving the ports
of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New
Orleans, and Mobile, Ala.,
and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth,
Minn./Superior, Wis.,
Green Bay, Wis., Minneapolis/St. Paul, Memphis, St.
Louis, and Jackson, Miss.,
with connections to all points in North
America.
SOURCE CN
Copyright v. 8 PR Newswire