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CN Sets Grain Movement Record for Twelve Consecutive Months

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Canadian National Railway
·3 min read
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Company continues to move grain safely and at a record pace despite Arctic temperatures

MONTREAL, March 02, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce that for the 12th consecutive month it has set a new record by shipping over 2.28 million metric tonnes (MMT) of Canadian grain and processed grain products via carload in February. This exceeds the previous February record set in 2019 of 2.12 MMT by over 7%.

So far, during the 2020-2021 crop year, CN has moved over 19.7 MMT of Canadian Grain. This is 24% higher than the three-year average of 15.9 MMT, and 17% higher than the record of 16.9 MMT set in the 2018-2019 crop year. CN is also breaking records with over 700,000 metric tonnes of grain moving directly from western Canada via containers, in addition to volumes shipped from eastern Canada.

“We are proud of the accomplishments of our team of railroaders despite the fact that the first half of the month of February was characterized by a severe cold outbreak. The resulting challenging operating conditions across a large part of our network did not prevent them from ensuring that our network was running safely and that we kept meeting our customers’ needs during this period. CN’s investments in air distribution cars and automated track inspection technology has contributed to greater safety and higher productivity this winter. The ongoing collaboration between CN, the ports, Canadian grain farmers, as well as all of our supply chain partners has been, without any doubt, the key to our success during this challenging month.“

- Rob Reilly, Executive Vice-President and Chief Operating Officer at CN

CN's continued ability to deliver record amounts of grain and as well as other commodities and goods is largely due to the investments in capacity made by the railroad over the past few years. Since 2018, CN has invested over $10B in track, locomotives, and railcars, including the purchase of over 2,500 new high capacity grain hopper cars. To find out more about CN’s commitment to grain please visit www.cn.ca/grain

CN diligently prepares in order to implement specific measures to mitigate the difficult operating conditions that inevitably arise when extreme winter temperatures occur on its network in its annual Winter Plan. To find out more about our winter plan please visit www.cn.ca/en/your-industry/customer-reports/winter-plan/.

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 19,500-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

(514) 399-7956
media@cn.ca

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