CN and Montreal Port Authority Reach Framework Agreement

MONTREAL — CN and the Montreal Port Authority (MPA) announced the signing of a memorandum of understanding (MOU) that commits the parties to develop a best-practices vision for the gateway’s supply chain, improve productivity, and leverage these gains to increase their transportation market share.

Claude Mongeau, CN president and chief executive officer, said: “The Port of Montreal is a leading gateway for freight traffic moving betweenNorth America’s industrial heartland and northern European and Mediterranean markets. Our MOU with the port authority establishes the framework to develop greater supply chain efficiencies and to grow our share of freight traffic moving between Europe and markets in Ontarioand the U.S. Midwest.

“The agreement flowing from this MOU will fulfill CN’s objective of reaching supply chain collaboration pacts with all of Canada’s major east coast and west coast ports. We believe these agreements – driven by commercial principles and stakeholder cooperation – will bolster the competitiveness of these important maritime gateways and enhance the competitiveness of our customers in global markets.”