|By PR Newswire||
|January 10, 2013 02:00 PM EST||
CALGARY, Jan. 10, 2013 /PRNewswire/ - The first CN (TSX: CNR) (NYSE: CNI) trains to serve the state-of-the-art intermodal terminal for containerized goods at the company's new Calgary Logistics Park arrived today.
Jean-Jacques Ruest, CN executive vice-president and chief marketing officer, said: "The opening of this intermodal terminal launches our logistics park operation, which will provide seamless transportation solutions to rail customers moving products and commodities into and out of Calgary -- one of the fastest growing regional markets in North America.
"CN's C$200-million logistics park is strategically located between the ports of Prince Rupert and Vancouver and major cities across Canada and mid-America. The park's intermodal terminal, along with very competitive ocean and rail transportation times, will provide Alberta businesses ample capacity for consumer goods and industrial materials and effective export routes for forest products, plastics and agri-products."
Click on http://www.cn.ca/documents/About-CN/map-cn-calgary-logistics-park-en.pdf for a map showing the location of the 680-acre Calgary Logistics Park in Conrich, Alta., located in Rocky View County.
The new facility, with ready access to Stoney Trail, the Trans Canada Highway and other major roadways, is situated on Twp Road 250/McKnight Boulevard and is 10 kilometres from Calgary International Airport.
The new intermodal terminal, relocated from CN's Sarcee Yard in southeast Calgary, has:
- 30 per cent more capacity than CN's existing Calgary intermodal terminal and space for further expansion;
- Four automated in-gates and three automated out-gates to keep truck turnaround times in the terminal to below 45 minutes;
- A container yard for convenient storing of international containers;
- Specialized equipment for temperature-controlled products, allowing CN to expand its existing reefer volumes.
The logistics park has space to accommodate more than 2.5 million square feet of warehouse distribution facilities, including a rail-to-truck transload operation and a new CN Autoport facility to serve the regional finished vehicles market.
Ruest said: "The Calgary Logistics Park will help CN to reduce transportation costs of its customers through highly efficient materials handling, transportation and distribution processes, and thus will help them grow their businesses."
Certain information included in this news release are "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. CN cautions that, by their nature, these forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of the Company or the rail industry to be materially different from the outlook or any future results or performance implied by such statements.
Important risk factors that could affect the forward-looking statements include, but are not limited to, the effects of general economic and business conditions, industry competition, inflation, currency and interest rate fluctuations, changes in fuel prices, legislative and/or regulatory developments, compliance with environmental laws and regulations, actions by regulators, various events which could disrupt operations, including natural events such as severe weather, droughts, floods and earthquakes, labor negotiations and disruptions, environmental claims, uncertainties of investigations, proceedings or other types of claims and litigation, risks and liabilities arising from derailments, and other risks detailed from time to time in reports filed by CN with securities regulators in Canada and the United States. Reference should be made to "Management's Discussion and Analysis" in CN's annual and interim reports, Annual Information Form and Form 40-F filed with Canadian and U.S. securities regulators, available on CN's website, for a summary of major risks.
CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable Canadian securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
CN - Canadian National Railway Company and its operating railway subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company's website at www.cn.ca.
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