DULUTH, MN, March 27, 2017 /PRNewswire/ - CN (TSX: CNR)
(NYSE: CNI) and Duluth Cargo Connect today announced a new alliance
establishing the first rail-served intermodal container ramp in the
Twin Ports of Duluth, Minn. and
Superior, Wis.
Duluth Cargo Connect, a working partnership of the Duluth Seaway
Port Authority and Lake Superior Warehousing, will operate the
rail-served facility at the port's Clure Public Marine
Terminal.
"Opening CN's newest intermodal location here in Duluth instantly connects our region to
containerized imports and exports via CN's rail network, avoiding
the congestion in large urban intermodal facilities," said
Vanta Coda, executive director of
the Duluth Seaway Port Authority. "Our truck traffic has grown
exponentially in recent years, and now we've partnered with CN to
bring a whole new mode of efficient transportation services to the
Twin Ports."
JJ Ruest, CN executive vice-president and chief marketing
officer, said: "CN's innovative partnership with Duluth Cargo
Connect opens up a new logistics supply chain and growth
opportunities for the port's partners and shippers in the region.
CN is pleased to bring its extensive contacts in international
markets, freight-forwarding knowledge, and customs and
marketing support to the Twin Ports."
Added to Duluth Cargo Connect's existing suite of services, CN's
new intermodal service furthers the port terminal's 25-year record
of success with stevedoring, cargo handling and warehousing
operations.
"By working with CN to establish this Duluth intermodal ramp, Duluth Cargo Connect
is helping customers move freight by its shortest and most
economical path," said Jonathan
Lamb, president of Lake Superior Warehousing. "CN is the
only railroad in this market with direct service to East, West and
Gulf Coast ports."
Congressman Rick Nolan, a member
of the U.S. House Transportation Committee, said the new ramp is an
important addition to the Duluth
economy. "I'm pleased CN has partnered with Duluth Cargo Connect to
make the Port of Duluth its newest
Midwest destination," said Nolan, a member of the House Ports
Caucus. "This partnership and efficient transportation networks
mean more imports and exports coming through Duluth, and most importantly, economic
stability and good-paying jobs for our region."
Loaded import containers from ports originating on all three
coasts served by CN will arrive in Duluth via CN's rail network. The import
containers can be used by Twin Ports exporters as new capacity to
ship their goods to world markets. CN and Duluth Cargo Connect will
begin serving import and export markets in March.
Forward-Looking Statements
Certain statements
included in this news release constitute "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and under Canadian
securities laws. By their nature, forward-looking statements
involve risks, uncertainties and assumptions. The Company cautions
that its assumptions may not materialize and that current economic
conditions render such assumptions, although reasonable at the time
they were made, subject to greater uncertainty. Forward-looking
statements may be identified by the use of terminology such as
"believes," "expects," anticipates," "assumes," "outlook," "plans,"
"targets," or other similar words.
Forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and
other factors which may cause the actual results or performance of
the Company to be materially different from the outlook or any
future results or performance implied by such statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements. Important risk factors that
could affect the forward-looking statements include, but are not
limited to, the effects of general economic and business
conditions; industry competition; inflation, currency and interest
rate fluctuations; changes in fuel prices; legislative and/or
regulatory developments; compliance with environmental laws and
regulations; actions by regulators; security threats; reliance on
technology; transportation of hazardous materials; various events
which could disrupt operations, including natural events such as
severe weather, droughts, floods and earthquakes; effects of
climate change; labor negotiations and disruptions; environmental
claims; uncertainties of investigations, proceedings or other types
of claims and litigation; risks and liabilities arising from
derailments; 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 Management's
Discussion and Analysis (MD&A) in CN's annual and interim
reports, Annual Information Form and Form 40-F, filed with Canadian
and U.S. securities regulators and available on CN's website, for a
description of major risk factors.
Forward-looking statements reflect information as of the date
on which they are made. CN assumes no obligation to update or
revise forward-looking statements to reflect future events, changes
in circumstances, or changes in beliefs, unless required by
applicable securities laws. In the event CN does update any
forward-looking statement, no inference should be made that CN will
make additional updates with respect to that statement, related
matters, or any other forward-looking statement.
About CN
CN transports more than C$250 billion worth of goods annually for a wide
range of business sectors, ranging from resource products to
manufactured products to consumer goods, across a rail network of
approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National
Railway Company, along with its operating railway subsidiaries –
serves the cities and ports of Vancouver, Prince
Rupert, B.C., Montreal,
Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of
Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth,
Minn./Superior, Wis., and
Jackson, Miss., with connections
to all points in North America.
For more information about CN, visit the Company's website at
www.cn.ca.
SOURCE CN