CN Announces Upgrade to Falcon Premium Intermodal Service
13 September 2023 - 1:35AM
Canadian National Railway Company (CN) (TSX: CNR) (NYSE: CNI),
today announced an upgrade to its Falcon Premium Intermodal
Service. CN said recent operational changes by its business
partner, Union Pacific (UP), will remove a full day of transit time
for customers using the Canada-US-Mexico service.
“CN is pleased to offer customers an entire day
off the already fast Falcon Intermodal Premium Service,” said CN
President and Chief Executive Officer Tracy Robinson. “I am
confident the early results of the Falcon service, combined with
our speed and reliability, will enable the continued growth of this
service.”
The Falcon Premium Intermodal Service is a
best-in-class Mexico-US-Canada service with a seamless rail
connection in Chicago, Illinois. It directly connects all CN origin
points within Canada and Detroit, Michigan to GMXT terminals in
Mexico: Monterrey, Nuevo Leon, and Silao, Guanajuato. This service
benefits intermodal customers shipping automotive parts, food, FAK
(freight - all kinds), home appliances, and temperature-controlled
products.
Falcon Premium combines the unique benefits of
each partner. The seamless service leverages GMXT’s best-in-class
transit times between Silao, Guanajuato, and Eagle Pass, Texas;
Union Pacific’s superior route from Texas to Chicago and CN’s
best-in-class service connecting Chicago to all points in Canada
through the unique EJ&E Chicago bypass.
This new and innovative service allows for the
maximization of lading weights between Mexico/Canada for greater
efficiency for customers. Falcon Premium intermodal service also
contributes to lower greenhouse gas emissions through reduced rail
miles and truck-to-rail conversion.
About CNCN is a world-class
transportation leader and trade enabler. Essential to the economy,
to the customers, and to the communities it serves, CN safely
transports more than 300 million tons of natural resources,
manufactured products, and finished goods throughout North America
every year. CN’s network connects Canada’s Eastern and Western
coasts with the U.S. South through an 18,600-mile rail network, CN
and its affiliates have been contributing to community prosperity
and sustainable trade since 1919. CN is committed to programs
supporting social responsibility and environmental stewardship.
CN Forward-looking
StatementsCertain statements by CN included in this news
release constitute “forward-looking statements” within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and under Canadian securities laws. By their nature,
forward-looking statements involve risks, uncertainties and
assumptions. CN 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. Forward-looking statements may be identified by the
use of terminology such as “believes,” “expects,” “anticipates,”
“assumes,” “outlook,” “plans,” “targets,” or other similar words.
Forward-looking statements reflect information as of the date on
which they are made. 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
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 matters, or any
other forward-looking statement. 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 and available on CN’s website, for a
description of major risk factors.
Contacts:
Media |
Investment
Community |
Jonathan Abecassis |
Stacy Alderson |
Senior Manager |
Assistant Vice-President |
Media Relations |
Investor Relations |
(438) 455-3692 |
(514) 399-0052 |
media@cn.ca |
investor.relations@cn.ca |
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