March 30, 2007 14:00 ET

CN to build C$20-million transload centre, intermodal yard in Prince George

PRINCE GEORGE, BRITISH COLUMBIA--(CCNMatthews - March 30, 2007) - CN announced today it will construct a C$20-million transload operation and intermodal rail terminal in Prince George, B.C., for the export of containerized products to and from Asian markets through the new Port of Prince Rupert, B.C., rail/maritime intermodal facility.

"The new Prince George terminal is an important part of the Pacific Gateway Strategy as it will maximize the potential of new port capacity at Prince Rupert," says Peter Marshall, CN senior vice-president, Western Region.

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

"The Prince George facility is ideally located to tap backhaul export opportunities, filling empty containers moving to Asia via Prince Rupert with lumber, panels, woodpulp and paper, as well as ores, plastics and some metals products. It will help CN maximize revenue potential generated from the new terminal at Prince Rupert, and create new economic and employment opportunities in northern B.C.," says Marshall.

CN's new Prince George transload facility, with an 84,000 square-foot warehouse and 10 acres of outside storage, is expected to open in fall 2007. It will load containers with products arriving at the facility by rail or truck. The loaded containers will then be lifted onto railway flatcars at CN's new adjacent intermodal rail yard, and daily service will be offered from this terminal to the Port of Prince Rupert.

Scheduled to open in fall of 2007, the Prince Rupert terminal with a phase one capacity of 500,000 twenty-foot equivalent containers (TEUs), will create a new North American gateway for goods moving to and from Asia and the principal centres of Canada and the United States Midwest and South.

This news release contains forward-looking statements. CN cautions that, by their nature, forward-looking statements involve risk and uncertainties, 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), for a summary of major risks.

CN - Canadian National Railway Company - 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.

Contact Information

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    Regional Manager, CN Public Affairs
    (604) 240-7037
    Robert Noorigian (Investment Community)
    Vice-President, Investor Relations
    (514) 399-0052