CN Announces Long-Term Transportation Agreement with AltaGas
23 Outubro 2023 - 5:15PM
Canadian National Railway Company (CN) (TSX: CNR) (NYSE: CNI),
today announced a renewed and expanded 5-year transportation
agreement with AltaGas.
The agreement leverages CN's exclusive access to
the Port of Prince Rupert. The Port offers strategic advantages for
rail customers expanding their business, including reduced port
congestion, state-of-the-art export and import terminals, and
materially shorter transit times to key markets.
“CN is proud to support the Canadian economy and
the growth of our customer AltaGas. By selling into our capacity
and taking advantage of our unique network reach, we are confident
in our ability to accelerate sustainable, profitable growth.”
- Tracy Robinson, CN President and
Chief Executive Officer
"AltaGas is pleased to solidify our renewed
transportation agreement with CN. The agreement provides AltaGas
and our customers with cost and service predictability to continue
to support ongoing resource development across Western Canada and
provide our key downstream customers with energy security to
support economic activity and fuel everyday life.”
- Vern Yu, AltaGas President and
Chief Executive Officer
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 |
Director |
Assistant Vice-President |
Media Relations and Public
Affairs |
Investor Relations |
(438) 455-3692media@cn.ca |
(514)
399-0052investor.relations@cn.ca |
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