A New Canadian – U.S. Intermodal Service
11 Setembro 2023 - 1:00PM
Canadian National Railway Company (CN) (TSX: CNR) (NYSE: CNI), and
Norfolk Southern Corporation (NS) (NYSE: NSC) announced Monday a
new domestic intermodal service. Launching on October 2, this
unique service will provide customers with an integrated,
market-competitive, and efficient all-rail service. The service
will link CN-served Canadian markets with Norfolk Southern-served
Kansas City and Atlanta, the heart of the fast-growing
manufacturing and consumer base in the Southeastern
U.S.
The two carriers will utilize new intermodal
steel wheel interchanges in Detroit and Chicago to seamlessly
operate like a single-line intermodal product. The new,
cost-effective, steel-wheel-connected service option for customers
converts truck traffic to long-haul rail. This would help reduce
greenhouse gas emissions and customers’ overall carbon footprint.
Integrated rail interchanges also provide customers with the
opportunity to optimize their cargo loaded weights.
"This new CN-Norfolk Southern Domestic
Intermodal service combines premier intermodal choices for our
shared customers,” said Norfolk Southern President and Chief
Executive Officer Alan H. Shaw. “Designed with customer-centricity
top of mind, it simplifies their processes, enabling smoother rail
shipments between Canada, Kansas City, and Atlanta.”
“CN is pleased to provide customers enhanced
market access with the launch of another new Intermodal product,”
said CN’s President and Chief Executive Officer, Tracy Robinson.
“The reliable, cost-effective, and truck-competitive service will
help our customers shift more business onto rail.”
Visit
https://www.cn.ca/en/stories/20230911-CN-NS-Domestic-Intermodal-Solution
today to learn more.
About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE:
NSC) and its predecessor companies have safely moved the goods and
materials that drive the U.S. economy. Today, it operates a
customer-centric and operations-driven freight transportation
network. Committed to furthering sustainability, Norfolk Southern
helps its customers avoid approximately 15 million tons of yearly
carbon emissions by shipping via rail. Its dedicated team members
deliver more than 7 million carloads annually, from agriculture to
consumer goods, and is the largest rail shipper of auto products
and metals in North America. Norfolk Southern also has the most
extensive intermodal network in the eastern U.S., serving a
majority of the country's population and manufacturing base, with
connections to every major container port on the Atlantic coast as
well as the Gulf of Mexico and Great Lakes. Learn more by visiting
www.NorfolkSouthern.com.
About CNCN is a world-class
transportation leader and trade enabler. Essential to the economy,
to the customers, and to the communities it serves, CN safely
transports more than 300 million tons of natural resources,
manufactured products, and finished goods throughout North America
every year. CN’s network connects Canada’s Eastern and Western
coasts with the U.S. South through an 18,600-mile rail network, CN
and its affiliates have been contributing to community prosperity
and sustainable trade since 1919. CN is committed to programs
supporting social responsibility and environmental stewardship.
CN Forward-looking
Statements
Certain statements by CN 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 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. 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 reflect information as of the date on
which they are made. 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
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. 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 and available on CN’s website, for a
description of major risk factors.
Contacts:
Media |
Investment
Community |
Jonathan Abecassis |
Stacy Alderson |
Senior Manager |
Assistant Vice-President |
Media Relations |
Investor Relations |
|
|
(438) 455-3692media@cn.caMedia
Relationsmedia.relations@nscorp.comInvestor Relations
luke.nichols@nscorp.com |
(514)
399-0052investor.relations@cn.ca |
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