CN Announces New Share Repurchase Program

MONTREAL is developing a fast-growing business supplying jet fuel to airlines serving Toronto’s Lester B. Pearson International Airport. The effectiveness of CN’s rail pipeline for jet fuel to Pearson prompted the construction of a new Jet Fuel Rail Offloading, Storage and Distribution Facility near the airport, adjacent to CN’s Malport rail yard in northwest Toronto. “The changing dynamics of jet-fuel supply for airlines serving Pearson airport now require the carriers to strategically source fuel across the globe, and this has opened the door to rail to play an increasingly important role in these longer supply chains,” said James Foote, executive

The Port of Quebec, a terminal operator at the port, and CN said a service arrangement that will reduce transit times for shipments destined to Toronto to 38 hours from 53 hours, an improvement of almost 30 per cent.

MONTREAL — CN said it intends to purchase for cancellation up to three million of its common shares pursuant to private agreements between CN and an arm’s-length third-party seller.