CN orders 75 locomotives from two builders, secures options to acquire 75 more.MONTREAL -- CN announced today orders for 75 high-horsepower locomotives from two builders. CN will take delivery of 50 ES44DC locomotives from GE Transportation Rail, a unit of General Electric Company, and 25 SD70M-2 locomotives from Electro-Motive Diesel, starting in the fourth quarter of 2005, with completion by mid-2006. The ES44DCs are rated at 4,400 horsepower, and the SD70M-2s at 4,300 horsepower. CN has also negotiated options, effective through the end of 2008, to acquire a further 25 ES44DC and an additional 50 SD70M-2 locomotives. E. Hunter Harrison E. Hunter Harrison (born 1944) is a Tennessee-born railroader who currently is the president and Chief Executive Officer of Canadian National Railway (CN). Life Born in Tennessee, he began as a carman-oiler at the Frisco Railroad in Memphis, Tennessee in 1964, , president and chief executive officer of CN, said: "Our orders for 75 new locomotives will upgrade CN's motive-power fleet at a time of continued growth in all of our businesses across the network, including import/export of both bulk shipments and intermodal traffic. "These new units are the most reliable, most fuel-efficient ever, and comply fully with the latest regulatory requirements for reduced locomotive exhaust emissions. They will strengthen our ability to deliver improved service. "The options to acquire a further 75 locomotives, if exercised, would permit CN to accommodate potential traffic in excess of current expectations." The firm orders for 75 new locomotives will allow CN to replace 100 older 3,000-3,600 horsepower road locomotives. The new units are almost 20 per cent more fuel-efficient than the ones they will replace. At the end of 2004, CN had 1,343 main line road locomotives and 718 yard-switching locomotives. Canadian National Railway Company Canadian National Railway Company (NYSE: CNI, TSX: CNR) is a Canadian rail transportation company that operates the Canadian National Railway. It was created in December, 1918 as a Crown corporation of the Government of Canada to nationalize several bankrupt rail systems spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities 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. www.cn.ca Canadian National Railway Company (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CNR See riser card. CNR - Communication and Network Riser ) (NYSE NYSE See: New York Stock Exchange :CNI (1) (Certified NetWare Instructor) See Novell certification. (2) (Coalition for Networked Information, Washington, DC, www.cni.org) A partnership of the Association of Research Libraries, CAUSE and EDUCOM, founded in 1990. ) |
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