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.
MONTREAL — CN, the Prince Rupert Port Authority (PRPA) and Maher Terminals Holding Corp. announced a Level of Service Agreement to promote and better measure improvements in port performance and to enhance Prince Rupert’s role as a preferred gateway on the west coast for Central Canada and U.S. Midwest markets.
MONTREAL — CN and DP World, operators of the Centerm Terminal in Vancouver, announced the signing of a comprehensive Service-Level Agreement designed to further enhance the competitiveness of Canada’s Pacific Gateway and improve services for customers.
MONTREAL — Claude Mongeau, president and chief executive officer of CN urged the railway’s supply chain partners to work more closely with the company to deliver better end-to-end transportation solutions that will help mutual customers compete more effectively in end markets.
EDMONTON — The Canadian harvest is getting underway and CN is ready to meet the demand. CN’s objective is to move this year’s crop more reliably than it ever has before, and CN has launched a Scheduled Grain Plan to do just that.
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 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).
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 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
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.