CN to Take Open Tariff Rate Increase of Four Per Cent Oct. 1 to Counter Impact of Stronger Canadian Dollar.Business Editors MONTREAL--(BUSINESS WIRE)--Sept. 4, 2003 CN (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. )(TSX: CNR) announced today a four per cent rate increase applicable to about 40 per cent of its open tariffs, effective Oct. 1, 2003. CN started increasing open tariff rates on Jan. 1, 2003, with some rates rising as much as 10 per cent, primarily to combat the negative effects on its financial performance of the continued strength of the Canadian dollar relative to the U.S. dollar, as well as higher costs. 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. |
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