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CN

April 14, 2007 20:10 ET

CN, UTU remain apart on issues; conductors' strike continues

MONTREAL, QUEBEC--(CCNMatthews - April 14, 2007) - CN and the United Transportation Union (UTU) met for five hours today for discussions but emerged with no settlement, so the UTU strike that began Feb. 10 continues.

The UTU demanded that CN improve its offer in light of the rejection of the memorandum of settlement, and was unwilling to address issues CN previously raised during negotiations.

CN is available for further discussions but no future meeting dates have been scheduled.

CN on April 11 locked out UTU members at various terminals in Canada where union members had withdrawn their services. The UTU represents 2,800 conductors and yard-service employees at CN in Canada.

CN continues to serve its customers with management personnel performing the duties of locked out UTU members.

The UTU launched renewed strike activity April 10 after it announced its members' rejection of a tentative settlement agreement with the company signed on Feb. 24, 2007.

UTU members in Canada have been on strike at CN since Feb. 10, 2007, but suspended strike action and returned to work during the ratification process for the tentative settlement.

CN said the UTU has given the company verbal assurances that it will continue to protect commuter rail services in Toronto and Montreal.

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, and 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.

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