CHICAGO, Aug. 23, 2016 /CNW/ - CN (TSX: CNR) (NYSE: CNI),
Archer Daniels Midland Company (NYSE: ADM) and the Midwest Inland
Port (MIP) said today their collaborative logistics and marketing
efforts are driving increased container shipments over ADM's
privately owned intermodal ramp located in Decatur, Ill.
CN is transporting an increasing number of import containers
from the Port of Montreal and the
Port of Prince Rupert, B.C., to
the Decatur facility in
thrice-weekly train service to deliver to customers across the
Midwest.
ADM then reloads the empty 40-foot import containers in
Decatur with export loads of grain
and processed products destined for global markets via CN's rail
network and its Canadian port gateways. CN and ADM have a strong
history of partnering together on other rail freight opportunities
including shipments to Mexico.
JJ Ruest, CN executive vice-president and chief marketing
officer, said: "CN is a supply chain enabler and its collaborative
efforts with ADM and MIP through the Midwest Inland Port Strategic
Development Coalition is forging new logistics chain and growth
opportunities for ADM and other enterprises in Decatur and the surrounding region.
"CN brings to the table an unparalleled three-coast network
reach, extensive contacts in Asian markets, sophisticated
freight-forwarding knowledge, and expert U.S. customs and marketing
support."
Dennis Whalen, vice-president –
transportation, intermodal freight for ADM, said: "We are
pleased to see rising volumes of imported containers arriving at
our intermodal ramp via CN for area distribution in Illinois. The resulting empty container
capacity is essential to our efforts to grow exports of our
products to global markets, especially in Asia."
Ryan McCrady, president of the
Economic Development Corporation of Decatur and Macon
County, which oversees MIP, said: "CN and ADM are helping to
grow our area economy, which benefits from CN's connectivity to
Atlantic and Pacific ports, our region's uncongested rail network,
a good supply of land for development located on the Decatur
Central Railroad served by CN, and a skilled, motivated
workforce."
Forward-Looking Statements
Certain statements included
in this news release constitute "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and under Canadian securities laws. By their
nature, 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. Forward-looking statements may be
identified by the use of terminology such as "believes," "expects,"
anticipates," "assumes," "outlook," "plans," "targets," or other
similar words. To the extent that CN has provided non-GAAP
financial measures in its outlook, the Company may not be able to
provide a reconciliation to the GAAP measures, due to unknown
variables and uncertainty related to future results.
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 to be materially different from the outlook or any
future results or performance implied by such statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking 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; security threats; reliance on technology;
transportation of hazardous materials; various events which could
disrupt operations, including natural events such as severe
weather, droughts, floods and earthquakes; effects of climate
change; 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 (MD&A) in CN's annual and interim
reports, Annual Information Form and Form 40-F, filed with Canadian
and U.S. securities regulators and available on CN's website, for a
description of major risk factors.
Forward-looking statements reflect information as of the date on
which they are made. 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
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.
About CN
CN transports more than C$250 billion worth of goods annually for a wide
range of business sectors, ranging from resource products to
manufactured products to consumer goods, across a rail network of
approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National
Railway Company, along with its operating railway subsidiaries --
serves the cities and ports of Vancouver, Prince
Rupert, B.C., Montreal,
Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of
Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth,
Minn./Superior, Wis., and
Jackson, Miss., with connections
to all points in North America.
For more information about CN, visit the Company's website at
www.cn.ca.
About ADM
For more than a century, the people of
Archer Daniels Midland Company (NYSE: ADM) have transformed crops
into products that serve the vital needs of a growing world. Today,
we're one of the word's largest agricultural processors and food
ingredient providers, with more than 32,300 employees serving
customers in more than 160 countries. With a global value chain
that includes 428 crop procurement locations, 280 ingredient
manufacturing facilities, 39 innovation centers and the world's
premier crop transportation network, we connect the harvest to the
home, making products for food, animal feed, industrial and energy
uses. Learn more at www.adm.com.
About the Midwest Inland Port
The Midwest Inland Port
is a multi-modal hub located in Decatur,
Ill., that delivers both domestic and international
flexibility for companies through a well-positioned transportation
corridor, connecting the Midwest to the East, West and Gulf Coasts
of North America. For more
information, visit www.MidwestInlandPort.com.
SOURCE CN