MONTREAL, Dec. 3, 2013 /CNW Telbec/ - Claude Mongeau, president and
chief executive officer of CN (TSX: CNR) (NYSE: CNI), said today the
railway's reach, service, innovation, understanding of its customers'
markets and commitment to delivering safely make it a true backbone of
Mongeau, speaking to the Board of Trade of Metropolitan Montreal, said
many are unaware of the significance of CN and railways to their daily
The fact is that CN moves more than C$250-billion worth of natural
resources, industrial products and consumer goods annually, making the
company "intimately and extensively involved in just about every sector
of the economy," Mongeau said.
Mongeau cited a range of ways in which CN matters to the economy. In the
West, CN and the rail industry are "a pillar of Canadian grain
competitiveness and a core part of a supply chain that calls for
continuous and dynamic engagement from the Prairie countryside to the
waterfront. Canadian railways are a key part of the solution, offering
rail freight rates that are among the lowest in the world and a focus
on service excellence designed to help Canadian farmers win in global
In the East, CN is extensively involved in moving industrial products,
Mongeau said. For example, CN touches a substantial portion of the
forest products and metals produced in Quebec, providing timely access
to markets in the rest of Canada, the U.S. and Mexico. CN concentrates
on the first and last mile of its interaction with customers,
delivering speed and reliability with a high level of car order
CN is also intimately involved in the movement of containers destined
for consumer markets. "This is another area where CN has introduced
fundamental innovation, inviting all the key players in the supply
chain to participate in framework collaboration agreements that open
end-to-end visibility and focus on joint performance metrics that break
down silos and smooth the flow of consumer goods."
Mongeau said safety is of the utmost importance to CN, particularly with
regard to the transportation of dangerous goods that are critical to
the economy and represent approximately 10 per cent of the railway's
"As a backbone of the economy, we take our role very seriously when we
are entrusted to move such dangerous goods. CN has an unwavering
commitment to safety and we always aim to deliver responsibly. Our
safety record is solid and it has been improving continuously for
CN's safety focus is producing solid results. Main-track accidents
declined by more than 50 per cent between 2002 and 2012, a year in
which CN recorded the fewest such accidents in its history.
Mongeau concluded: "At CN, we are deeply committed to playing our role
as a backbone of the economy. We are a proud team of 23,000
railroaders, fully engaged to remain the leader in the industry and
creating value for our customers and shareholders."
For a copy of Mongeau's remarks, click on www.cn.ca/boardoftradespeech.
CN is a true backbone of the economy, transporting approximately 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 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
on CN, visit the company's website at www.cn.ca.
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