EDMONTON, July 5, 2012 /CNW Telbec/ - CN (TSX: CNR) (NYSE: CNI) announced
today that it plans to construct five extended sidings on its B.C.
North Line in 2012 as part of a multi-year capital program to expand
freight train capacity to handle growing freight volumes along its
important Edmonton, Alta.-Prince Rupert, B.C., corridor.
In 2011, more than half a million carloads/intermodal units moved over
CN's B.C. North corridor. By 2015, CN traffic on this line could nearly
CN has extended or constructed 21 sidings to handle 12,000-foot trains
between Edmonton and Prince Rupert since 2004. This is in addition to
new signaling and train control, several tunnel and bridge clearances,
yard expansions at Smithers and Terrace, B.C., and the installation of
a longer siding at Swan Landing, Alta.
CN's investments since 2004 in capacity expansion along the
Edmonton-Prince Rupert corridor will total more than C$150 million by
the end of this year, with further extended sidings expected to be
built in future years.
Keith Creel, CN executive vice-president and chief operating officer,
said: "CN's sizable investments in rail infrastructure in northern B.C.
and western Alberta are helping us accommodate growing import-export
traffic moving between the Port of Prince Rupert, the B.C. interior and
major centres across CN's network in Canada and the United States. The
investments will also help us better move rising export coal volumes
from existing and new mines in the region to Ridley Terminals at Prince
Rupert, whose handling capacity is expected to double by the end of
2014 to 24 million tonnes.
"The longer sidings increase the fluidity of operations in this major CN
freight corridor and allow us to haul increased volumes in safer, more
efficient trains equipped with distributed power (DP) technology."
DP permits remote control of a locomotive or locomotives throughout a
train from the lead control locomotive. DP provides faster, smoother
train starts, improved braking and lower pulling forces at the head-end
of a train, and improved safety. With more optimum matching of motive
power to train weight, DP locomotives allow CN to reduce fuel
consumption and reduce environmental emissions.
Creel said: "Our infrastructure investments are critical parts of our
B.C. North Gateway strategy to handle increased volumes of containers,
coal and other commodities to and from the Port of Prince Rupert. This
strategy aims to help CN tap new opportunities efficiently and
productively while helping our customers to expand their businesses and
compete more effectively in their end markets."
CN plans to invest a total of C$1.8 billion in 2012 to maintain and
upgrade its overall North American railway network, support growth and
productivity initiatives, and continue to provide its customers quality
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.
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
or 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.
For further information:
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