Viterra and CN Sign New Service Agreement

Viterra Inc. (TSX:VT) (ASX:VTA) ("Viterra") and Canadian National Railway
(TSX:CNR) (NYSE:CNI) ("CN") announced today that they have signed a new service
improvement agreement, which will strengthen Viterra's rail-based supply chain
with CN.


Under the agreement, Viterra and CN will work together to review supply chain
key performance indicators, cooperate on planning and forecasting, and address
supply chain issues in a timely manner. The agreement is based on the belief
that the actions of all supply chain participants affect the performance of the
entire chain. 


"At CN, we know that what gets measured can be improved," said Claude Mongeau,
President and Chief Executive Officer of CN. "We believe our innovative
agreement with Viterra will lead to greater supply chain efficiency, from the
Canadian prairie elevators, to the export vessels. Our agreement with Viterra
builds on the success of CN's Scheduled Grain train operation that has already
delivered fundamental gains in grain industry supply chain performance. CN spots
hopper cars at specific country elevators, at scheduled times, on scheduled
days, every week. Our aim with this supply chain agreement is to further improve
upon this service to help Viterra better compete in world markets." 


"Through Viterra's world-class elevator and export terminal network and related
logistics expertise, we work closely with growers in marketing and handling
their grain at our facilities, moving it efficiently by rail and providing
timely delivery to our domestic and international customers," said Fran Malecha,
Viterra's Chief Operating Officer, Grain. "With this important new agreement, we
will work even closer with CN to achieve greater supply chain reliability and
improved service to our grower and export customers. Viterra and CN's commitment
to continuous supply chain improvements is based on mutual trust and confidence,
and will benefit all of our key stakeholders, making our sector even more
vibrant." 


About Viterra

Viterra provides premium quality ingredients to leading global food
manufacturers. Headquartered in Canada, the global agri-business has extensive
operations across Canada, the United States, Australia and New Zealand, as well
as a growing international presence that extends to offices in Japan, Singapore,
China, Vietnam, Switzerland, Italy, Ukraine, Germany, Spain and India. Driven by
an entrepreneurial spirit, Viterra operates three distinct business segments:
Grain Handling and Marketing, Agri-products and Processing. Viterra's expertise,
close relationships with producers and superior logistical assets allow the
Company to consistently meet the needs of the most discerning end-use customers,
helping to fulfill the nutritional needs of people around the world.


About CN

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. For more information on CN, visit the company's website
at www.cn.ca.


Forward-Looking Statements

Certain information included in this news release are "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 risk factors that could affect the 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 matters, or any other
forward-looking statement.
Canadian National Railway (TSX:CNR)
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