04:20:03 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 651,172,734
Close 2023-11-07 C$ 151.42
Market Cap C$ 98,600,575,382
Recent Sedar Documents

CN Rail to test intermodal service to Port of Gulfport

2023-11-08 08:13 ET - News Release

Mr. Dan Bresolin reports

CN ANNOUNCES NEW INTERMODAL SERVICE TO PORT OF GULFPORT

Canadian National Railway Company has signed a memorandum of understanding (MOU) with the Mississippi State Port Authority at Gulfport and Ports America, establishing a new intermodal service. The trial run of the service will launch in the coming weeks.

"We are proud to be partnering with the Mississippi State Port Authority at Gulfport and Ports America to launch this new service. It will provide shippers with new ocean connectivity options to move goods between the Gulf Coast, U.S. Midwest and Canada. By working collaboratively with partners, CN will continue to maximize the use of its capacity in its southern network to accelerate sustainable, profitable growth," said Dan Bresolin, vice-president of intermodal, CN Rail.

"This agreement is a great source of pride for us at Ports America. By leveraging CN's incredible reach and network into different points in North America, we will be offering our customers direct access to new markets and opportunities for business. This represents a significant step forward in our commitment to delivering world-class service to our customers and creating value for our stakeholders. We are excited to work with the Port of Gulfport and CN to provide seamless and efficient transportation solutions that will drive growth and strengthen our inland systems," said Rob Kusiciel, executive vice-president and chief commercial officer at Ports America.

"We are very excited to expand our relationship with Ports America to include CN. This will further enable us to leverage our strategic advantages here at the Port of Gulfport. With CN being the industry leader in refrigerated service and the Port of Gulfport being one of the largest importers of green fruit in the U.S., we see this as a natural fit with great potential," said Jon Nass, executive director and chief executive officer at the Port of Gulfport.

The goals of the MOU include identification and development of a best-practices vision through productivity improvements for the supply chain, and the collaboration in implementing those supply chain improvements to leverage and increase market share.

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. CN's network connects Canada's East Coast and West Coast with the Southern United States 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.

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