TORONTO, Sept. 11 /CNW Telbec/ - CN (TSX: CNR) (NYSE: CNI) today
celebrated the official opening of its new C$14-million Toronto Automotive
Compound at MacMillan yard north of Toronto.
The new facility's track layout will accommodate the unloading of 60
auto-carrying rail cars at once, compared with 27 unloading spots at the
former compound at Mac Yard, and will have room to park up to 4,500 vehicles.
A planned phase two expansion of the compound will provide parking for 6,000
cars and/or trucks.
James Foote, executive vice-president, Sales and Marketing for CN, said:
"Our Toronto Automotive Compound is a key facility in our vehicle distribution
network in Ontario, the largest auto market in Canada. Our new
state-of-the-art facility will help CN increase the efficiency of vehicle
transportation, accommodate more traffic, improve customer service, and better
utilize our valuable real estate assets at MacMillan Yard, the largest rail
classification terminal on CN's network."
The Toronto auto compound is one of 17 vehicle distribution facilities
operated by Autoport Ltd. in Canada and the United States. A member of the CN
WorldWide North America family of non-rail companies, Autoport extends CN's
transportation reach beyond its rail network.
CN has rail access to all vehicle assembly plants in Canada, numerous
assembly plants in Michigan and one in Mississippi, and taps parts production
facilities in Michigan and Ontario. It serves shippers of import vehicles via
the ports of Halifax and Vancouver, and through interchange with other
This news release contains forward-looking statements. CN cautions that,
by their nature, forward-looking statements involve risk, uncertainties and
assumptions. Implicit in these statements, particularly in respect of
long-term growth opportunities, is the Company's assumption that such growth
opportunities are less affected by the current situation in the North American
and global economies. The Company cautions that its assumptions may not
materialize and that the current economic conditions render such assumptions,
although reasonable at the time they were made, subject to greater
uncertainty. The Company cautions that its results could differ materially
from those expressed or implied in such forward-looking statements. Important
factors that could cause such differences include, but are not limited to, the
effects of adverse general economic and business conditions, including the
current deep recession in the North American economy and the global economic
contraction in 2009, 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 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.
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.
For further information:
For further information: Media: Mark Hallman, Director, Communications &
Public Affairs, (905) 669-3384; Investment Community: Robert Noorigian,
Vice-President, Investor Relations, (514) 399-0052