CN supports the federal government's Pacific Gateway Strategy, a welcome investment to improve Canada's competitiveness.EDMONTON, Alberta -- CN welcomes today's announcement of a new Pacific Gateway Strategy designed to strengthen Canada's position in international commerce, and the competitiveness of Canada's Pacific gateway ports of Vancouver and Prince Rupert. "This is great news for Canada and for the country's competitiveness in world markets," said Peter Marshall, CN vice-president, Western Canada Region. "Both Vancouver and Prince Rupert are vital gateways for freight traffic moving between Asia and North America, and stand to play even greater roles in international markets in the years ahead. This new strategy will enhance CN's network that connects both ports to key production and consumption markets in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. ." The port of Vancouver The Port of Vancouver is the largest port in Canada, the largest in the Pacific Northwest, and the largest port on the West Coast of North America by metric tons's of total cargo with 76.5 million metric tons. is very important to CN's intermodal and bulk traffic, and CN welcomes federal investments designed to strengthen that port's competitiveness. CN is also pleased that the strategy recognizes the significant potential of the port of Prince Rupert. CN believes Prince Rupert stands to become a key gateway for Asian container traffic entering North America and travelling over CN's network to key North American markets. Work is on-going to start up phase one of the terminal in early 2007. 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 CN (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CNR) (NYSE NYSE See: New York Stock Exchange :CNI) |
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