Canadian National – Page 14

CN Canadian Women’s Open Raises $800,000 for the Children’s Hospital Foundation

August 29, 2010 Railfanning.org News Wire

WINNIPEG — The CN Canadian Women’s Open raised $800,000 for the Children’s Hospital Foundation of Manitoba through the CN Miracle Match program, in which CN matches dollar for dollar donations during the tournament.

CN Signs VMA With Village of Long Grove, Ill.

August 27, 2010 Railfanning.org News Wire

CN has reached a voluntary mitigation agreement (VMA) with the Village of Long Grove, Ill., located approximately 35 miles northwest of Chicago, addressing the municipality’s environmental and safety concerns with CN’s acquisition of the Elgin, Joliet and Eastern Railway Company (EJ&E).

Port of Quebec, Terminals and CN Work to Reduce Quebec City-Toronto Transit Times by 30 Percent

August 6, 2010 Railfanning.org News Wire

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.

CN Announces Plan to Buy Back Shares Through Private Agreements

July 30, 2010 Railfanning.org News Wire

MONTREAL — CN said it intends to purchase for cancellation up to two 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 15-million share repurchase program announced on Jan. 26. 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 September 2010. 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

CN Conductors on Northern Quebec Internal Short Line Ratify Collective Agreement

July 29, 2010 Railfanning.org News Wire

MONTREAL — CN announced that train conductors represented by the Teamsters Canada Rail Conference (TCRC) on the Company’s Northern Quebec Internal Short Line have ratified a new five-year collective agreement. Retroactive to Dec. 15, 2007, the new labour contract applies to 48 conductors, providing them wage increases and benefit improvements.

CN, TSI Sign Service Level Agreement

July 28, 2010 Railfanning.org News Wire

MONTREAL — CN and TSI Terminal Systems Inc. announced the signing of a comprehensive Service Level Agreement (SLA). The agreement, which establishes specific performance targets and measurement tools, flows from the CN-TSI Supply Chain Collaboration Agreement announced last month that commits the parties to drive greater efficiencies and improve customer service at the Vancouver gateway. The CN-TSI SLA is designed to help improve a range of Key Performance Indicators for the benefit of mutual customers, including the on-time departure and arrival of trains, the utilization of train capacity, and the average dwell time of containers at TSI terminals, among other

CN, UTU Reach Tentative Labor Agreement on DM&IR territory

July 27, 2010 Railfanning.org News Wire

DULUTH, Minn. — CN said it has reached a tentative labor agreement with the United Transportation Union (UTU) for UTU-represented employees working on the Duluth, Missabe and Iron Range Railway Company (DM&IR). CN purchased the DM&IR as part of its May 2004 acquisition of the rail and marine holdings of Great Lakes Transportation LLC. The new labor pact, which is subject to ratification, would settle wage and work-rule issues for 74 trainmen for the period from January 2004 to September 2012. The agreement would replace the traditional mileage/ rule-based agreement with one based upon hourly wages and job security. Most

CN Declares Third-Quarter 2010 Dividend

July 22, 2010 Railfanning.org News Wire

MONTREAL — CN said its Board of Directors has approved a third-quarter 2010 dividend on the Company’s common shares outstanding. A quarterly dividend of 27 cents (C$0.27) per common share will be paid on Sept. 30, 2010, to shareholders of record at the close of business on Sept. 9.

CN Reports Q2-2010 Net Income

July 22, 2010 Railfanning.org News Wire

MONTREAL — CN reported its financial and operating results for the second quarter and first half ended June 30. Second-quarter 2010 highlights: — Net income and diluted earnings per share (EPS) increased by 38 percent from the year-earlier quarter to C$534 million and C$1.13 — Diluted EPS of C$1.13 increased by 49 per cent over adjusted diluted EPS of C$0.76 for the second quarter of 2009. — Revenues rose 18 per cent to C$2,093 million, while carloadings increased 27 per cent and revenue ton-miles rose 15 per cent. — Operating income increased 39 percent to C$813 million. — Operating ratio

CN, TSI Terminal Systems Reach Supply Chain Collaboration Agreement

June 11, 2010 Railfanning.org News Wire

MONTREAL — CN and TSI Terminal Systems Inc. (TSI) announced a supply chain collaboration agreement aiming to enhance service levels to their mutual customers and draw greater volumes of container traffic over Port Metro Vancouver. A MOU has been signed that will drive strong mutual focus on system efficiencies, improved communication, and close monitoring of their gateway performance. The CN-TSI pact is a companion to CN’s recent supply chain collaboration agreement with Port Metro Vancouver (PMV) designed to promote balanced accountability among all Port stakeholders. TSI is the largest container terminal operator in Canada, handling approximately 70 per cent of