First of five major connections in EJ&E integration
program
CHICAGO, Dec. 20 /PRNewswire/ - CN (TSX: CNR)(NYSE: CNI)
has completed construction of the first major rail connection built
as part of the continuing integration of the Elgin, Joliet
and Eastern Railway Company (EJ&E) that, when all connections
are constructed, will enhance the fluidity of train movements along
CN routes in the greater Chicago
area.
The new $5-million connection at
Griffith, Ind., creates an
efficient, direct route for CN freight trains moving between
Kirk Yard in Gary, Ind., and points farther east on the
Company's rail network.
CN, which completed its purchase of the EJ&E on Jan. 31, 2009, is investing more than
$100 million in infrastructure
improvements to integrate the EJ&E into its other lines in
Chicago.
The integration also includes building new rail connections at
Mundelein, Ill., Bartlett, Ill., Joliet, Ill., and Matteson, Ill. Engineering or construction
work is now underway on the balance of the connection projects.
Jim Vena, CN senior vice-president, Southern Region, said: "CN
is pleased to have reached this milestone and finished the first
major EJ&E connection project. This connection is a significant
step toward our goal of fully utilizing the EJ&E and providing
improved rail fluidity in Chicago."
The Griffith connection
project, started in late 2009, was completed Nov. 19, 2010. Three trains per day operate over
the new connection, which links CN's South Bend Subdivision with
the Matteson Subdivision leading to Kirk
Yard.
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. For more information on CN, visit the company's
website at www.cn.ca.
SOURCE CN
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