CN to build Joliet, Ill., intermodal ramp to give import/export
customers better access to Chicagoland distribution centers
CHICAGO,
Jan. 17, 2013 /CNW Telbec/ - CN (TSX:
CNR) (NYSE: CNI) announced today a plan to construct an intermodal
ramp at its freight yard in Joliet,
Ill., to offer import/export customers key access to
numerous Chicagoland distribution centers.
Jean-Jacques Ruest, CN executive vice-president and chief
marketing officer, said: "The Joliet-Will
County area of greater Chicago has one of the highest concentrations
of distribution centers in the United
States. With a new intermodal ramp for container traffic at
our Joliet Yard, CN will offer
importers and exporters improved access to this vital trade hub
with the fastest combined ocean and rail transit times from and to
Asia via the ports of Vancouver and Prince
Rupert, B.C.
"CN expects to offer daily west coast service
starting in June 2013, with transit
times of approximately 100 hours between the west coast and
Joliet."
The full-service intermodal ramp will
efficiently accommodate the transfer of containers between rail and
truck. A grain transloading facility will also operate at the site
to support export opportunities.
CN is the only railroad directly linking all three coasts to the
Greater Chicago area distribution
centers, including vessel calls originating in Europe, Asia
and South America.
Ruest said: "CN's Joliet intermodal terminal is another example
of how we are giving our customers improved supply chain
efficiencies and better access to global markets."
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 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
matters, or any other forward-looking statement.
SOURCE CN