CN Forced to Shut Down Parts of Network Due to Blockades
MONTREAL, Feb. 11, 2020 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced that it will be forced to shut down significant parts of its Canadian network imminently unless the blockades on its rail lines are removed.
A public statement from the individuals blocking the lines explained that their actions are in solidarity with the pipeline opposition movement and are unrelated to CN’s activities.“It’s not just passenger trains that are impacted by these blockades, it’s all Canadian supply-chains” said JJ Ruest, president and chief executive officer at CN. “We are currently parking trains across our network, but due to limited available space for such, CN will have no choice but to temporarily discontinue service in key corridors unless the blockades come to an end.“Intermodal containers carrying perishable goods including food and consumer items, Canadian grain, deicing fluid at airports, construction materials, propane to Quebec and Atlantic Canada, natural resources creating rural jobs across Canada such as lumber, aluminum, coal and propane; all of these commodities are already impacted and will see their movements even more diminished. Factories and mines will be soon faced with very difficult decisions. The Port of Prince Rupert is effectively already shutdown. The Ports of Montreal and Halifax are also already feeling the impact of these blockades which will have a trickledown effect on consumer goods in the next few weeks,” added Ruest. “We have obtained court injunctions for both locations and we are working with local enforcement agencies to enforce the orders. We have also engaged with customers, industry associations as well as officials in Ottawa and across Canada to explain to them the consequences and material impact that shutting down the railroad will have on their constituents,” concluded Ruest.CN is a true backbone of the economy transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries – serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information about CN, visit the company’s website at www.cn.ca.