CN Announces Upgrade to Falcon Premium Intermodal Service
MONTREAL, Sept. 12, 2023 (GLOBE NEWSWIRE) — 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.
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 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.
|Jonathan Abecassis||Stacy Alderson|
|Senior Manager||Assistant Vice-President|
|Media Relations||Investor Relations|
|(438) 455-3692||(514) 399-0052|
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