MONTREAL,
Nov. 17, 2011 /PRNewswire/ - CN (TSX:
CNR) (NYSE: CNI) said today its sustainability practices have
earned it a place on the Dow Jones Sustainability Index (DJSI)
North America for third straight
year.
The DJSI follows a best-in-class approach,
surveying sustainability leaders from each industry on a global and
regional level. The annual review of the DJSI family is based on a
thorough analysis of economic, environmental and social
performance, assessing issues such as corporate governance, risk
management, branding, climate change mitigation, supply chain
standards and labour practices.
Claude Mongeau,
president and chief executive officer of CN, said: "CN has a
long-term commitment to sustainable practices, and we are honoured
that the DJSI has recognized CN as a leader in the area again this
year.
"CN is achieving significant freight train fuel efficiencies and
sustainability gains and delivering cost-effective transportation
services through a series of strategic initiatives, including the
acquisition of modern locomotives, new technology applications to
existing locomotives, enhanced analytic abilities, and employee
training. We are particularly excited about our leading-edge work
to set fuel efficiency targets for specific trains by route and to
monitor train performance against these goals."
CN leads the North American rail industry in fuel efficiency,
consuming, overall, approximately 10 per cent less fuel per
gross-ton-mile than the rail industry average.
Launched in 1999, the Dow Jones Sustainability
Indexes are the first global indexes tracking the financial
performance of the leading, sustainability-driven companies.
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 or 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 and assumptions 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, and Jackson, Miss., with connections to all points
in North America.
SOURCE CN