MONTREAL, March 23, 2017 /PRNewswire/ - CN (TSX: CNR)
(NYSE: CNI) and TFI International, Inc. (formerly TransForce Inc.)
(TSX: TFII; OTCQX: TFIFF) today announced a renewed collaboration
to grow domestic intermodal business in markets across Canada.
The renewed long-term partnership aligns Canada's largest railroad, with its
transcontinental rail network that reaches the Pacific, Atlantic
and Gulf coasts, and Canada's
largest trucking company and logistics leader, with a range of
services, including truckload, less-than-truckload and package and
courier.
"Over the last five years, TFI International has grown its
operating divisions' presence in the domestic intermodal market and
its companies have a combined 100 years of collaboration with CN,"
said JJ Ruest, CN executive vice-president and chief marketing
officer. "We believe our expanding partnership will help both our
organizations provide more consistent, reliable service for our
shared and growing customer base."
Said Alain Bédard, TFI International Chairman, President and
Chief Executive Officer, "We are very pleased to have this
productive partnership in place with a superior supply chain
partner which will ensure best-in-class service for our valued
customers. This agreement is in line with TFI's stated objective to
grow its intermodal presence in Canada."
ABOUT CN
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.
ABOUT TFI INTERNATIONAL
TFI International Inc. is a
North American leader in the transportation and logistics industry,
operating across the United
States, Canada and
Mexico through its subsidiaries.
TFI International creates value for shareholders by identifying
strategic acquisitions and managing a growing network of
wholly-owned operating subsidiaries. Under the TFI International
umbrella, companies benefit from financial and operational
resources to build their businesses and increase their efficiency.
TFI International companies service the following segments:
- Package and Courier;
- Less-Than-Truckload;
- Truckload;
- Logistics.
TFI International Inc. is publicly traded on the Toronto Stock
Exchange (TSX: TFII) and the OTCQX marketplace in the U.S. (OTCQX:
TFIFF). For more information, visit http://www.tfiintl.com.
Forward-Looking Statements
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 TFI
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.
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 TFI 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.
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; 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; 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.
Important factors that could cause TFI's actual financial
performance to differ materially from that expressed in any
forward-looking statement include, but are not limited to: highly
competitive market conditions, TFI's ability to recruit, train and
retain qualified drivers, fuel price variations and the Company's
ability to recover these costs from its customers, foreign currency
fluctuations, the impact of environmental standards and
regulations, changes in governmental regulations applicable to
TFI's operations, adverse weather conditions, accidents, the market
for used equipment, changes in interest rates, the cost of
liability insurance coverage, downturns in general economic
conditions affecting TFI and its customers, and credit market
liquidity.
Forward-looking statements reflect information as of the date
on which they are made. CN and TFI 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 TFI does update any
forward-looking statement, no inference should be made that CN or
TFI will make additional updates with respect to that statement,
related matters, or any other forward-looking statement.
SOURCE CN