U.S. markets closed
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • Dow 30

    29,590.41
    -486.27 (-1.62%)
     
  • Nasdaq

    10,867.93
    -198.88 (-1.80%)
     
  • Russell 2000

    1,679.59
    -42.72 (-2.48%)
     
  • Crude Oil

    79.43
    -4.06 (-4.86%)
     
  • Gold

    1,651.70
    -29.40 (-1.75%)
     
  • Silver

    18.83
    -0.78 (-3.99%)
     
  • EUR/USD

    0.9693
    -0.0145 (-1.47%)
     
  • 10-Yr Bond

    3.6970
    -0.0110 (-0.30%)
     
  • GBP/USD

    1.0857
    -0.0398 (-3.54%)
     
  • USD/JPY

    143.3300
    +0.9950 (+0.70%)
     
  • BTC-USD

    19,129.00
    +297.88 (+1.58%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • Nikkei 225

    27,153.83
    -159.30 (-0.58%)
     

CN Maintains Normal Rail Operations Across Canada as IBEW Strikes

·1 min read
Canadian National Railway
Canadian National Railway

COO Addresses Employees Directly in Letter as Contingency Plan keeps Railroad Operating Safely

MONTREAL, June 20, 2022 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that normal rail operations continue safely as it has implemented its operational contingency plan. The plan allows the Company to maintain a normal level of safe rail operations across Canada and serve its customers for as long as required.

Following the International Brotherhood of Electrical Workers’ (IBEW) rejection of CN’s latest offer, CN Executive Vice-President and Chief Operating Officer Rob Reilly sent a letter to all employees represented by the union to inform them of CN’s latest offer. The letter is available here.

While the Company is disappointed with the current situation, CN remains committed to finding a resolution and it continues to encourage the IBEW to end its strike through an agreement or through binding arbitration.

About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 18,600-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.

Contacts:

Media

Investment Community

Jonathan Abecassis

Paul Butcher

Senior Manager

Vice-President

Media Relations

Investor Relations

438-455-3692
media@cn.ca

(514) 399-0052
investor.relations@cn.ca