Canadian National – Page 10

CN, Montreal Port Authority, Montreal Gateway Terminals Partnership and Termont Montreal Reach Agreements

February 3, 2011 Railfanning.org News Wire

MONTREAL — CN, the Montreal Port Authority (MPA) and the two companies that operate the port’s three key container terminals announced today two level of service agreements (LSAs) that will drive a strong focus on supply chain efficiencies. The two agreements – one signed by CN, the port authority and Montreal Gateway Terminals Partnership (MGT), which operates the CAST and RACINE terminals, and another signed by CN, the port authority and Termont Montreal — complement a framework agreement that CN and the MPA reached in September 2010. Under last fall’s agreement, CN and the port decided to develop a best-practices vision for

CN Reports Q4 2010 Income

January 25, 2011 Railfanning.org News Wire

MONTREAL — CN reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2010. Fourth-quarter and full-year 2010 highlights — Net income for the final quarter of 2010 was C$503 million, or C$1.08 per diluted share, versus fourth-quarter 2009 net income of C$582 million or C$1.23 per diluted share. — Q4-2010 net income increased by 19 per cent over comparable adjusted 2009 net income of C$424 million, with Q4-2010 diluted earnings per share (EPS) up 20 per cent over adjusted diluted EPS of C$0.90 for the final quarter of 2009. — Operating income for the fourth quarter of 2010 increased

CN Announces New Share Repurchase Program

January 25, 2011 Railfanning.org News Wire

MONTREAL — CN announced that its Board of Directors has authorized a normal-course-issuer bid to purchase, for cancellation, up to 16.5 million, or 3.6 per cent, of the common shares issued and outstanding of the Company on Jan. 17, 2011. Approximately 459.6 million CN common shares were issued and outstanding on that date. The price to be paid by CN for any common shares will be the market price at the time of acquisition, plus brokerage fees, or such other price as the Toronto Stock Exchange (TSX) may permit. CN recently completed a share repurchase program announced in January 2010, under which

CN, Squamish Terminals, Tembec, Canfor Pulp, West Fraser and Daishowa-Marubeni sign Service Level Agreement

January 24, 2011 Railfanning.org News Wire

VANCOUVER — CN, Squamish Terminals Ltd., Tembec Inc., Canfor Pulp Limited Partnership (CPLP), West Fraser Timber Co. Ltd. (WFT) and Daishowa Marubeni International Ltd. have reached an agreement in principle on measures that will result in improvements in supply chain efficiencies for the export of wood pulp from B.C. pulp mills to markets worldwide. Squamish Terminals is located on Howe Sound, just 32 nautical miles north of Vancouver, and is open to all major break-bulk shipping lines. Squamish Terminals is a wholly owned subsidiary of Grieg Star Shipping AS. Under the agreement, CN will provide seven-day-a-week service to Squamish Terminals,

CN: Tentative Settlement with Canadian Auto Workers

January 24, 2011 Railfanning.org News Wire

MONTREAL — CN said it has reached a tentative contract agreements with the Canadian Auto Workers (CAW) union. With settlements, the CAW has dropped plans to strike the railway at 0001 hours Eastern time Jan. 25, 2011. The agreements would, upon ratification, provide fair wage and benefit increases to CAW members. In addition, the settlements contain progressive provisions that would help CN retain and attract skilled employees critical to its workforce in the years ahead. Full details of the tentative agreements are being withheld pending ratification, which the CAW expects to complete before the end of February, 2011. The CAW

CN: Canadian Auto Workers Union Gives Strike Notice

January 22, 2011 Railfanning.org News Wire

MONTREAL — CN said the Canadian Auto Workers (CAW) union today gave the Company notice of its intention to strike the railway at 0001 hours Eastern time Jan. 25, 2011. CN believes there is sufficient time for the parties to reach an agreement before the strike deadline. CN has established a contingency service plan to operate the railway safely and as efficiently as possible in the event of a strike, with trained and qualified management personnel performing the tasks of CAW members. The CAW represents approximately 3,975 workers in four distinct bargaining units at CN and CNTL (a subsidiary of

CN to Launch EcoRide in April

January 10, 2011 Railfanning.org News Wire

TORONTO — CN said it will launch EcoRide, a new container chassis expected to reduce fuel consumption in CN’s trucking of containers to and from its intermodal terminals by eight to 10 percent. EcoRide is expected to launch in April 2011.

CN Elects Donald J. Carty to Board of Directors

December 24, 2010 Railfanning.org News Wire

MONTREAL — CN said that Donald J. Carty has been elected to serve on the Board of Directors of CN. Carty will join the Board on Jan. 1, 2011.

STB Fines CN for Chicago Street-Crossing Blockages

December 21, 2010 Railfanning.org News Wire

WASHINGTON — The Surface Transportation Board fined Canadian National Railway Company $250,000 for “knowingly violating Board orders” regarding the reporting of street-crossing blockages in the Chicago area.

CN Signs VMA With New Lenox, Ill.

December 21, 2010 Railfanning.org News Wire

CHICAGO — CN said it has reached a voluntary mitigation agreement (VMA) with the Village of New Lenox, Ill., located approximately 36 miles southwest of downtown Chicago, regarding its acquisition of the Elgin, Joliet and Eastern Railway Company (EJ&E).