Prince Rupert-Calgary service in operation, Edmonton lane planned for June 2012
CALGARY,
March 13, 2012 /PRNewswire/ - CN
(TSX: CNR) (NYSE: CNI) announced today new import/export container
train services between the Port of Prince
Rupert, B.C., and Calgary
(now in operation) and Edmonton,
starting in June
2012. Alberta is one
of the fastest growing industrial and consumer based economies in
North America and has a fast
increasing need for efficient supply chains.
To support Alberta's growing
transportation requirements, CN is relocating its Calgary
Intermodal Terminal to a new, larger 680-acre logistic park in
Rocky View County, near the airport in Calgary. Construction is underway and
the facility will open in January
2013.
Jean-Jacques Ruest, CN executive vice-president and chief
marketing officer, said: "The C$200-million new logistics park, along with new
connectivity to both the Port of Prince
Rupert and Vancouver, will
provide Alberta fluid access to
world markets for consumer goods and industrial materials, as well
as two prime export routes for its forest products, plastics and
agri-products. As for CN, it puts us in a lead position."
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.
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 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
maters, or any other forward-looking statement.
SOURCE CN
Image with caption: "Calgary Logistics Park (CNW Group/CN)".
Image available at:
http://photos.newswire.ca/images/download/20120313_C3631_PHOTO_EN_11021.jpg
Image with caption: "Containers being unloaded at the Port of
Prince Rupert, in British Columbia. Credit: Port of Prince
Rupert Port Authority. (CNW Group/CN)". Image available at:
http://photos.newswire.ca/images/download/20120313_C3631_PHOTO_EN_11023.jpg