Canadian National

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Canadian National

CN Announces 2011 Capital Investments to Maintain, Improve Network

February 9, 2011 Railfanning.org News Wire
MONTREAL — CN said it plans to invest C$1.7 billion in 2011 to maintain a safe and fluid railway network, to grow the business efficiently and to continue to provide customers with a high level of service. Claude Mongeau, president and chief executive officer, said: “CN is focused on running a safe, sustainable railway and growing our business profitably at low incremental cost. We are pursuing this agenda through infrastructure investments, strengthening ties with our customers, and innovative service improvements. Our service innovations include ‘first-mile/last-mile’ initiatives that respond to customer needs at origin and destination, and supply chain collaboration that emphasizes
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Canadian National

CN Announces Plan to Buy Back Shares

February 4, 2011 Railfanning.org News Wire
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. The purchases will form part of CN’s 16.5-million share-repurchase program announced on Jan. 25, 2011. Such purchases will be made pursuant to an issuer bid exemption order issued by the Ontario Securities Commission and will take place before the end of March 2011. The price that CN will pay for any common shares purchased by it under such agreements will be negotiated by CN and the seller and will be at a discount
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Canadian National

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
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Canadian National

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
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Canadian National

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
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Canadian National

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,
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Canadian National

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
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Canadian National

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