CN
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NYSE : CNI

CN

October 15, 2007 14:00 ET

CN opens C$20-million intermodal and distribution centre terminal in Prince George, B.C.

PRINCE GEORGE, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - CN (TSX:CNR)(NYSE:CNI) today began operation of its Prince George intermodal and distribution centre terminal, which will play a significant role in generating backhaul traffic destined for Asian markets via the new Port of Prince Rupert, B.C., container terminal that opens in October 2007.

Jim Vena, senior vice-president of CN's Western Region, said: "Built by CN at a cost of C$20 million, the Prince George terminal operation will help to maximize the Port of Prince Rupert's role as Canada's newest Pacific gateway for containerized traffic moving between Asia and North America. The Port of Prince Rupert is the closest port to Asia by up to 58 hours of sailing time compared to other west coast port in North America. CN will transport containers between the port and the principal centres of the U.S. Midwest, South and central Canada via its network spanning Canada and mid-America."

Prince George, located 500 miles east of Prince Rupert, is in close proximity to British Columbia's large fibre reserves and other natural resources. It is also CN's divisional headquarters and main operations hub in northern B.C.

Vena said: "The new Prince George facility is ideally situated to tap backhaul export opportunities, filling empty containers moving back to Asia through Prince Rupert with lumber, panels, woodpulp, paper, as well as ores, plastics and some metal products. The new traffic will not only boost CN business but also generate new employment opportunities in the Prince George area."

The Prince George Distribution Centre has an 84,000 square-foot warehouse and 10 acres of outside storage. A full range of services will be provided by CN WorldWide North America, including product transfer, inspection, consolidation/deconsolidation, inventory control and transportation.

Loaded containers will be lifted onto railway flatcars at CN's new adjacent intermodal rail yard, which features two, 2,400-foot pad tracks, trucking and truck-pick-up capabilities and an automated gate system.

CN is providing direct, daily rail service from the Prince George facility to the Port of Prince Rupert.

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 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, 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, 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 (Media)
    Regional Manager, Public Affairs
    (604) 589-6512
    or
    CN
    Robert Noorigian (Investment Community)
    Vice-President, Investor Relations
    (514) 399-0052