CHIPPEWA FALLS, WI, Feb. 3, 2012 /CNW Telbec/ - CN (TSX: CNR) (NYSE: CNI) today marked the opening of its newest intermodal terminal at Chippewa Falls in a ribbon-cutting ceremony here. The terminal, located only 100 miles east of Minneapolis/St. Paul, offers Wisconsin and Minnesota customers new supply chain options to ship and receive goods in containers.
"This terminal gives companies in the Upper Midwest direct and efficient single-rail-line access to new North American and global markets via our continental network as well as the ports we serve on the Pacific, Atlantic and Gulf coasts," said Jean-Jacques Ruest, CN executive vice-president and chief marketing officer.
"Today we are moving consumer products from world markets to Chippewa Falls, and providing the region growing opportunities to export grain and manufactured goods."
The terminal offers twice weekly train service with fifth morning availability from the west coast for intermodal containers. Located on 8.5 acres of land at CN's Chippewa Falls Yard, the terminal features a 2,500-foot-long intermodal loading and unloading track plus an onsite grain transfer facility.
Since 2001, when CN acquired Wisconsin Central Ltd., CN has invested more than $500 million in rail infrastructure improvements across the state.
"With our commitment to innovation and supply chain collaboration, our goal is to help our customers compete more effectively in their end markets, be they in North America or around the world," Ruest said. "In the years ahead, we see good opportunities to develop new traffic lanes to this facility from a number of ports across our North American network."
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 of 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.
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.
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