CALGARY,
Jan. 10, 2013 /PRNewswire/ - The
first CN (TSX: CNR) (NYSE: CNI) trains to serve the
state-of-the-art intermodal terminal for containerized goods at the
company's new Calgary Logistics Park arrived today.
Jean-Jacques Ruest, CN executive vice-president and chief
marketing officer, said: "The opening of this intermodal terminal
launches our logistics park operation, which will provide seamless
transportation solutions to rail customers moving products and
commodities into and out of Calgary -- one of the fastest growing regional
markets in North America.
"CN's C$200-million logistics park
is strategically located between the ports of Prince Rupert and Vancouver and major cities across Canada and mid-America. The park's intermodal
terminal, along with very competitive ocean and rail transportation
times, will provide Alberta
businesses ample capacity for consumer goods and industrial
materials and effective export routes for forest products, plastics
and agri-products."
Click on
http://www.cn.ca/documents/About-CN/map-cn-calgary-logistics-park-en.pdf
for a map showing the location of the 680-acre Calgary Logistics
Park in Conrich, Alta., located in Rocky View County.
The new facility, with ready access to Stoney Trail, the Trans
Canada Highway and other major roadways, is situated on Twp Road
250/McKnight Boulevard and is 10 kilometres from Calgary International Airport.
The new intermodal terminal, relocated from CN's Sarcee Yard in
southeast Calgary, has:
- 30 per cent more capacity than CN's existing Calgary intermodal terminal and space for
further expansion;
- Four automated in-gates and three automated out-gates to keep
truck turnaround times in the terminal to below 45 minutes;
- A container yard for convenient storing of international
containers;
- Specialized equipment for temperature-controlled products,
allowing CN to expand its existing reefer volumes.
The logistics park has space to accommodate more than 2.5
million square feet of warehouse distribution facilities, including
a rail-to-truck transload operation and a new CN Autoport facility
to serve the regional finished vehicles market.
Ruest said: "The Calgary Logistics Park will help CN to reduce
transportation costs of its customers through highly efficient
materials handling, transportation and distribution processes, and
thus will help them grow their businesses."
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.
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