Collaboration adds more service consistency
through greater Chicago gateway
for freight between Western Canada
and Eastern U.S.
MONTREAL and NORFOLK, VA, Oct. 27,
2017 /CNW/ - CN (TSX: CNR) (NYSE: CNI) and Norfolk Southern
Corporation (NYSE: NSC) today announced that a new joint interline
service initiative is reducing transit times by one to two days for
carload traffic between Western
Canada and NS destinations in the Eastern United States.
This seamless interline service, established in August, allows
freight to bypass traditional interchange points in Chicago, in favor of using the most efficient
existing CN and NS routes. The service has reduced transit times by
up to 48 hours, providing customers more efficient delivery to
final destinations.
CN and NS are interchanging two eastbound and two westbound
manifest trains daily through greater Chicago, connecting CN's network in
Western Canada and NS' network in
the Eastern United States as part
of the new service. Traffic is interchanging at NS' major rail
yard in Elkhart, Ind., avoiding
extra handlings in the Chicago
terminal.
Jim Squires, Norfolk Southern
chairman, president and chief executive officer, said: "Together,
CN and NS have re-engineered our Chicago connections to provide shippers with a
new superior-service shipping option. Customers on both railways
are seeing faster and more reliable service, benefitting their
supply chains."
Luc Jobin, CN president and chief executive officer, said:
"Through collaboration, CN and NS are bringing more efficiencies to
the supply chain as we deliver higher and more reliable levels of
service to our customers."
CN and NS continue to explore adding additional traffic to the
new interline service.
About CN
CN is a true backbone of the economy whose
team of approximately 23,000 railroaders transports 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 of approximately 20,000 route-miles 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 about CN, visit the company's website at
www.cn.ca.
About Norfolk Southern
Norfolk Southern Corporation
(NYSE: NSC) is one of the nation's premier transportation
companies. Its Norfolk Southern Railway Company subsidiary operates
approximately 19,500 route miles in 22 states and the District of Columbia, serves every major
container port in the eastern United
States, and provides efficient connections to other rail
carriers. Norfolk Southern operates the most extensive intermodal
network in the East and is a major transporter of coal, automotive,
and industrial products.
Forward-looking information
Certain statements
included in this news release constitute "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and under Canadian
securities laws. By their nature, forward-looking statements
involve risks, uncertainties and assumptions. CN and Norfolk
Southern caution that their respective assumptions may not
materialize and that current economic conditions render such
assumptions, although reasonable at the time they were made,
subject to greater uncertainty. Forward-looking statements may be
identified by the use of terminology such as "believes," "expects,"
"anticipates," "assumes," "outlook," "plans," "targets," or other
similar words.
Important risk factors that could affect the forward-looking
statements, for CN, 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;
increases in maintenance and operating costs; security threats;
reliance on technology; trade restrictions; transportation of
hazardous materials; various events which could disrupt operations,
including natural events such as severe weather, droughts, floods
and earthquakes; climate change; labor negotiations and
disruptions; environmental claims; uncertainties of investigations,
proceedings or other types of claims and litigation; risks and
liabilities arising from derailments; timing and completion of
capital programs; 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 (MD&A) in CN's annual and interim
reports, Annual Information Form and Form 40-F, filed with Canadian
and U.S. securities regulators and available on CN's website, for a
description of major risk factors with respect to CN.
Forward-looking statements reflect Norfolk Southern's good-faith
evaluation of information currently available. These
forward-looking statements are subject to a number of risks and
uncertainties, and its actual results may differ materially from
those projected. Please refer to Norfolk Southern
Corporation's annual and quarterly reports filed with the SEC for a
full discussion of those risks and uncertainties Norfolk Southern
views as most important.
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
CN or Norfolk Southern to be materially different from the outlook
or any future results or performance implied by such statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements.
Forward-looking statements reflect information as of the date on
which they are made. CN and Norfolk Southern assume no obligation
to update or revise forward-looking statements to reflect future
events, changes in circumstances, or changes in beliefs, unless
required by applicable securities laws. In the event CN or Norfolk
Southern does update any forward-looking statement, no inference
should be made that CN or Norfolk Southern will make additional
updates with respect to that statement, related matters, or any
other forward-looking statement.
SOURCE CN