New Carload Growth Expands Canadian Exports
MONTREAL, Oct. 23, 2023 (GLOBE NEWSWIRE) — Canadian National Railway Company (CN) (TSX:CNR) (NYSE:CNI), today announced a renewed and expanded 5-year transportation agreement with AltaGas.
The agreement leverages CN’s exclusive access to the Port of Prince Rupert. The Port offers strategic advantages for rail customers expanding their business, including reduced port congestion, state-of-the-art export and import terminals, and materially shorter transit times to key markets.
“CN is proud to support the Canadian economy and the growth of our customer AltaGas. By selling into our capacity and taking advantage of our unique network reach, we are confident in our ability to accelerate sustainable, profitable growth.”
- Tracy Robinson, CN President and Chief Executive Officer
“AltaGas is pleased to solidify our renewed transportation agreement with CN. The agreement provides AltaGas and our customers with cost and service predictability to continue to support ongoing resource development across Western Canada and provide our key downstream customers with energy security to support economic activity and fuel everyday life.”
- Vern Yu, AltaGas President and Chief Executive Officer
