CN congratulates Port of Prince Rupert and DP World on Fairview Container Terminal's 10th anniversary and expansion
PRINCE RUPERT, BC, Aug. 29, 2017 /CNW/ - CN (TSX: CNR) (NYSE: CNI) today joined its supply chain partners, the Port of Prince Rupert and DP World, in marking the 10th anniversary of the Fairview Container Terminal and celebrating the facility's expansion.
"The city of Prince Rupert was built for Canadian trade and the container terminal unlocked so much of the port's untapped potential," said Luc Jobin, president and chief executive officer of CN. "As one of the fastest growing ports in North America, the Port of Prince Rupert holds a premier place on the global trade map. The last decade of supply chain collaboration between the port, terminal operators, CN and other partners has become the model for how to establish and grow a trade corridor."
Opened in 2007 at the western terminus of CN's three-coast transcontinental network, the partnership between the port, Fairview terminal, and the governments of Canada and British Columbia created a congestion-free gateway to growing markets across Canada and the United States.
The container terminal opened with weekly service from Cosco and a single train a week. Today, the world's major steamship companies call on the port and with more than 15 trains a week from Rupert, it accounts for about 20 percent of CN's intermodal business.
DP World's expansion of the Fairview terminal has added 500,000 twenty-foot equivalent units (TEUs) to the facility. CN, working with its supply chain partners, is committed to selling 80 per cent of the new capacity within three years.
"Congratulations to the Port of Prince Rupert and DP World," Jobin said. "We look forward to continuing our successful partnership as the port evolves and we facilitate the growth of our customers' import and export markets."
CN is a true backbone of the economy whose team of approximately 23,000 railroaders transports more than 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 of approximately 20,000 route-miles 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 about CN, visit the company's website at www.cn.ca.
For further information: Contacts: Media: Patrick Waldron, Senior Manager, Media Relations, (514) 399-8803; Investment Community: Paul Butcher, Vice-President, Investor Relations, (514) 399-0052