00:27:12 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 651,172,734
Close 2023-10-23 C$ 144.73
Market Cap C$ 94,244,229,792
Recent Sedar Documents

CN Rail renews 5-year transportation deal with AltaGas

2023-10-23 16:48 ET - News Release

Mr. Tracy Robinson reports

CN ANNOUNCES LONG-TERM TRANSPORTATION AGREEMENT WITH ALTAGAS

Canadian National Railway Company has renewed and expanded a five-year transportation agreement with AltaGas.

The agreement leverages CN's exclusive access to the port of Prince Rupert. The port offers strategic advantages for rail customers expanding their business, including reduced port congestion, state-of-the-art export and import terminals, and materially shorter transit times to key markets.

"CN is proud to support the Canadian economy and the growth of our customer, AltaGas. By selling into our capacity and taking advantage of our unique network reach, we are confident in our ability to accelerate sustainable, profitable growth," said Tracy Robinson, CN president and chief executive officer.

"AltaGas is pleased to solidify our renewed transportation agreement with CN. The agreement provides AltaGas and our customers with cost and service predictability to continue to support ongoing resource development across Western Canada and provide our key downstream customers with energy security to support economic activity and fuel everyday life," said Vern Yu, AltaGas president and chief executive officer.

About Canadian National Railway Company

CN 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 tonnes of natural resources, manufactured products and finished goods throughout North America every year.

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