CN Announces Nova Scotia Partnership with Genesee & Wyoming
2023年11月2日 - 5:30AM
CN (TSX: CNR) (NYSE: CNI) today announced that it acquired from
Genesee & Wyoming Inc., a stake in the Cape Breton &
Central Nova Scotia Railway that includes 145 miles of active
track.
“We are proud to be partnering with Genesee
& Wyoming to serve existing customers on this line. This
partnership will further reinforce CN’s presence in eastern Canada
where we believe there will be a growing role to play in the
competitiveness of North American trade. It will also enable our
network to reach new opportunities in the longer-term, further
advancing our strategic agenda of accelerating profitable,
sustainable growth.”
- Patrick Lortie, Senior
Vice-President and Chief Strategy Officer at CN
The CBNS railway, which interchanges with CN’s
mainline at Truro, Nova Scotia, will continue to be operated by a
Genesee & Wyoming Inc. subsidiary. This will ensure a seamless,
safe, and efficient continuation of service for customers.
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 Statements
Certain 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 |
Director, Public Affairs and |
Assistant Vice-President |
Media Relations |
Investor Relations |
(438) 455-3692 |
(514) 399-0052 |
media@cn.ca |
investor.relations@cn.ca |
Canadian National Railway (NYSE:CNI)
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Canadian National Railway (NYSE:CNI)
過去 株価チャート
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