CN and Ray-Mont Logistics enter supply chain logistics agreement to improve service for specialty grains

MONTREAL, Nov. 1, 2011 /CNW Telbec/ - CN (TSX: CNR) (NYSE: CNI) and Ray-Mont Logistics announced today an agreement to improve supply chain efficiencies and customer service for specialty grains.

The supply chain collaboration agreement is intended to improve the flow of specialty grains transshipped from rail car to terminals for bagging and bulk containerization for export via the ports of Montreal and Vancouver.

Under the agreement, Ray-Mont will operate its terminals seven days a week, while CN will switch the facilities daily and work with the grain company to ensure a suitable supply of rail cars and containers for shipments. The two parties have also agreed to monitor performance against specific indicators.

Doug MacDonald, CN vice-president, Corporate Marketing, said: "Consistent, seven-day-a-week operations are important to efficient, productive supply chains. CN is pleased to have reached an agreement with Ray-Mont that will help drive improved export flows via key Canadian ports."

Charles Raymond, president and chief executive officer of Ray-Mont Logistics, said: "We have invested heavily in our facilities over the past two years to increase capacity and have worked closely with CN and our customers to improve the supply chain for specialty crops. This innovative supply chain collaboration agreement with CN will help ensure a more consistent supply of rail cars and containers to our terminals for transloading of specialty grains into containers, as well as speedier shipments of North American agricultural products to world markets. These gains should help both our company, Ray-Mont Logistics, and CN to grow their specialty crops businesses."

Ray-Mont Logistics is a market leader in specialized logistics associated with the international transportation of grain products by container. Whether these products are lentils, chickpeas or grains of all kinds, Ray-Mont Logistics has the expertise and the equipment to transship bulk grain products, bag them, containerize them, handle, transport and ship them through railway and seaway.

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, 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.

Forward-Looking Statements
Certain information included in this news release constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. CN cautions that, by their nature, these 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. Such 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 of performance of the Company or the rail industry to be materially different from the outlook or any future results or performance implied by such statements. Important factors that could affect the above 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, various events which could disrupt operations, including natural events such as severe weather, droughts, floods and earthquakes, 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" in CN's annual and interim reports, Annual Information Form and Form 40-F filed with Canadian and U.S. securities regulators, available on CN's website, for a summary of major risks.

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 Canadian 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 maters, or any other forward-looking statement.

SOURCE CN

For further information:

Contacts:
For CN

Media 
Mark Hallman 
Director  
Communications & Public Affairs
(905) 669-3384 
Investment Community
Robert Noorigian 
Vice-President
Investor Relations 
(514) 399-0052
   
Ray-Mont Logistics
Charles Raymond
President and Chief Executive Officer
(888) 933-4449, ext. 2000


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