OTTAWA, Feb. 16, 2012 /CNW Telbec/ - Claude Mongeau, president and chief
executive officer of CN (TSX: CNR) (NYSE: CNI), says Canadian business
and governments must take bold steps to develop world-class enterprises
that will drive the nation's competitiveness in global markets.
Mongeau, speaking to the Canadian Chamber of Commerce here today, said
Canada has many of the critical resources the world needs, the capital
and skills to add value to them, and the transportation infrastructure
to efficiently get them to global markets.
But, to win its fair share of world markets, the nation needs greater
corporate innovation and productivity, buttressed by sound public
policies relying on commercial frameworks.
"The choice is clear - if Canada wants to truly succeed on a global
scale, we need an environment where businesses with vision can innovate
and thrive, and we all have to embrace change and look forward, not
Mongeau said the federal government's privatization of CN, a willingness
at CN to continually challenge conventional wisdom, and the successful
deregulation of the rail industry in Canada combined to drive the
company's remarkable transformation, from an industry laggard based
largely in Canada to a North American rail leader.
That transformation journey began with CN's initial public share
offering in 1995 and was followed by five acquisitions, C$8-billion
worth, that gave the railway its unique North American footprint.
CN's business model -- anchored on operational and service excellence -
put the company at the fore of the rail industry. The next step in CN's
journey is to become a true supply chain enabler through collaboration,
innovation, and continued productivity gains.
Mongeau said: "There are success stories in Canada, but we need more of
them. Because the world is not standing still, we need to embrace
change, not shy away from it. We all need to raise our play because the
game is constantly getting more challenging.
"With sound public policy and a strong conviction within the business
world, together we can succeed by pursuing greater innovation and
productivity to ensure a bright and exciting economic future for
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, St. Louis, and Jackson, Miss., with connections to all points
in North America.
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