CN moved 18 per cent more grain hopper cars in first-half of
2014-15 crop year than during same period of 2013-14 crop
year
MONTREAL,
Feb. 9, 2015 /PRNewswire/ -
Claude Mongeau, president and chief
executive officer of CN (TSX: CNR) (NYSE: CNI), said today CN is
continuing its record-setting pace of grain movements and remains
fully in sync with the grain supply chain in Western Canada.
By the end of January
2015 -- half-way through the 2014-15 Western Canada grain crop year -- CN had
transported 18 per cent more loaded grain covered hoppers in
Western Canada than during the
comparable period of the 2013-14 crop year.
During the 2013-14 crop year, CN helped
Canada to dispose of its
largest-ever crop -- at 77 million tonnes -- and set an
all-time record for grain exports at 42 million tonnes. CN's strong
performance in 2014-15 is helping Canada's grain supply chain to be on track for
another banner year.
The cumulative grain tonnage moved by CN since
March 2014, when the federal
government instituted minimum grain volumes for the major railways,
has exceeded the company's mandated volumes by two million metric
tonnes.
Mongeau said: "CN is working closely with its
grain customers to make sure all end market segments receive
proper service, and we are current in all the corridors we serve
for grain destined to overseas and North American markets.
"CN is proud of its performance and the role
it's playing in helping Canadian grain growers efficiently reach
world markets with exceptional volumes of grain for a second
straight year."
CN is a true backbone of the economy,
transporting more than C$250 billion
worth of goods annually for a wide range of business sectors,
ranging from resource products to manufactured products to consumer
goods, across a rail network spanning Canada and mid-America. CN - Canadian National
Railway Company, along with its operating railway subsidiaries --
serves the cities and ports of Vancouver, Prince
Rupert, B.C., Montreal,
Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of
Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth,
Minn./Superior, Wis., 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