November 30, 2007 15:00 ET

CN and International Brotherhood of Electrical Workers, System Council 11, reach tentative labour agreement

MONTREAL, QUEBEC--(Marketwire - Nov. 30, 2007) - CN (TSX: CNR)(NYSE: CNI) and the International Brotherhood of Electrical Workers (IBEW), System Council 11, announced today that they have reached a tentative five-year labour agreement covering approximately 700 employees who maintain the railway's signals and communications systems across Canada.

Details of the tentative agreement are being withheld pending ratification by the IBEW membership.

Kim Madigan, CN vice-president of labour relations, said: "CN is pleased to have negotiated this agreement with the IBEW in advance of the expiration of the current collective agreement. We believe the agreement will benefit both parties."

Brian Strong, senior system general chairman for the IBEW, System Council 11, said: "The IBEW bargaining committee unanimously endorses this tentative agreement and is recommending the membership ratify it. The ratification process will begin next week."

The IBEW's current four-year contract with CN expires on Dec. 31, 2007.

This news release contains forward-looking statements. CN cautions that, by their nature, forward-looking statements involve risk, uncertainties and assumptions, and while there may be a risk of recession in the United States economy, the Company's assumption is that positive economic conditions in North America and globally will continue, which assumption may not materialize, 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, labour 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, and 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.

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 metropolitan areas 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

Contact Information

  • CN
    Mark Hallman (Media)
    Director, Communications, Media & Eastern Region
    (905) 669-3384
    Robert Noorigian (Investment Community)
    Vice-President, Investor Relations
    (514) 399-0052
    Brian Strong (Media & Investors)
    Senior System General Chairman, System Council 11
    (306) 421-3007