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NYSE : CNI

CN

September 12, 2007 16:00 ET

CN celebrates opening of Port of Prince Rupert container terminal

PRINCE RUPERT, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2007) - CN welcomes the launch of the Port of Prince Rupert container terminal today and thanks its partners, Maher Terminals, the Prince Rupert Port Authority and the British Columbia and Canadian governments for their vision and commitment to Canada's Pacific Gateway.

"Thanks in part to the focused efforts of governments, CN is now positioned to provide shippers with a seamless door-to-door transportation solution and to ensure the safe and secure flow of goods throughout the North American continent," says James M. Foote, CN executive vice-president, Sales and Marketing. "CN, in partnership with the port authority and Maher Terminals, will offer the marketplace the fastest, most efficient and most cost-effective routing for Asian traffic destined to and from the interior of North America, including the cities of Toronto, Montreal, Chicago and Memphis.

As the closest port to Asia by up to 58 hours of sailing time compared to any other West Coast port in North America, the Port of Prince Rupert gives shippers approximately one extra round-trip voyage per year. The Port is strategically located to handle excess capacity on one of the world's busiest shipping corridors with expansion plans in the near future.

With the terminal officially open for business and the first major customer, COSCO Container Lines Americas, Inc., signed on, CN (TSX:CNR)(NYSE:CNI) has firmly established itself as a key player serving North America's newest Pacific Gateway.

"CN is uniquely able to take advantage of the opportunities the container terminal will provide due to the strength of its North American network, its precision railroading operating model and financial capabilities," Foote added. "CN continues to invest in its western Canadian network, which benefits Canada's Pacific Gateway. These improvements include upgrades to rail traffic control systems west of Prince George and extended sidings that will increase capacity in the corridor from Prince Rupert through to Memphis. CN has upgraded tunnels and bridges, built new intermodal terminals in Prince George and Edmonton, acquired 2250 platform cars and 50 new state-of-the-art locomotives specifically to serve our new venture."

CN -- Canadian National Railway Company and its operating railway subsidiaries -- spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, 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.

This news release contains forward-looking statements. CN cautions that, by their nature, forward-looking statements involve risk and uncertainties, including the assumption that, while CN expects there may be continued weakness in certain segments of the North American economy in the near term, positive economic conditions in North America and globally will continue, and that its results could differ materially from those expressed or implied in such statements. Important factors that could cause such differences include, but are not limited to, industry competition, legislative and/or regulatory developments, compliance with environmental laws and regulations, various events which could disrupt operations, including natural events such as severe weather, droughts, floods and earthquakes, the effects of adverse general economic and business conditions, inflation, currency fluctuations, changes in fuel prices, labor disruptions, environmental claims, investigations or proceedings, other types of claims and litigation, 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 CN's most recent Form 40-F filed with the United States Securities and Exchange Commission, its Annual Information Form filed with the Canadian securities regulators, its 2006 Annual Consolidated Financial Statements and Notes thereto and Management's Discussion and Analysis (MD&A), as well as its 2007 quarterly consolidated financial statements and MD&A, for a summary of major risks.

www.cn.ca

Contact Information

  • CN
    Kelli Svendsen
    Regional Manager, Public & Government Affairs
    (604) 240-7037