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February 28, 2005 11:32 ET

USWA members at CN ratify new labour agreement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CANADIAN NATIONAL RAILWAY COMPANY

TSX SYMBOL: CNR
NYSE SYMBOL: CNI

FEBRUARY 28, 2005 - 11:32 ET

USWA members at CN ratify new labour agreement

MONTREAL, QUEBEC--(CCNMatthews - Feb. 28, 2005) - CN announced today
that members of the United Steelworkers of America (USWA) have ratified
a new four-year labour contract with the company.

The USWA represents approximately 2,250 employees who maintain and
repair CN's track, bridges and structures in Canada.

The new contract, covering the period from Jan. 1, 2004, to Dec. 31,
2007, provides for increased wages and improved benefits.

In another recent labour development in Canada, CN on Feb. 14, 2005,
reached a tentative contract with the United Transportation Union (UTU),
which represents approximately 2,600 conductors, assistant conductors,
yard service employees and traffic coordinators in Canada.

CN is working to renew collective agreements with the Teamsters Canada
Rail Conference (TCRC), representing locomotive engineers, and the
International Brotherhood of Electrical Workers (IBEW), whose members
maintain and repair CN's signals and communications equipment.

The Canada Industrial Relations Board (CIRB) continues its review of CN
services that should be maintained in the event of strikes or lockouts
involving the TCRC, IBEW or UTU. Until the CIRB renders its decision,
any right to strike or lock out is suspended.

CN has renewed labour agreements with the UTU section representing
brakemen and conductors on the company's Northern Quebec Territory; the
Canadian Auto Workers; the Teamsters Canada Rail Conference/Rail Traffic
Controllers; and the Canadian National Railways Police Association.

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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Contact Information

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    CN
    Mark Hallman (Media)
    System Director, Media Relations
    (905) 669-3384
    or
    CN
    Robert Noorigian (Investment Community)
    Vice-President, Investor Relations
    (514) 399-0052
    www.cn.ca