CN Propane Supply Chain Sets New Record
June 11 2020 - 11:15AM
CN (TSX: CNR) (NYSE: CNI) announced today that three vessels
carrying Canadian propane destined for international markets
departed from AltaGas’ Ridley Island Propane Export Terminal
located in British Columbia beating the previous record by 50%.
The Ridley Island Propane Export Terminal
exclusively uses CN’s transcontinental rail network to safely
transport propane from Alberta and British Columbia for export to
global markets. Since its launch in May 2019, the terminal has
moved over 1 million tonnes of propane.
“CN’s investments in its Edmonton to Prince
Rupert corridor continue to help support and enable strong and
reliable supply chains,” declared Robert Reilly, executive vice
president and chief operating officer at CN. “By investing in
capacity, we are supporting our customers’ ability to grow and
expand to new markets. Propane is an essential commodity required
for commercial, residential, and industrial use and we are proud to
be providing a critical, safe, and reliable option for our
customers. Congratulations to all the energy workers and
railroaders involved in achieving this new record.”
“As world economies start to get moving again,
we are committed to enabling their growth and success,” said James
Cairns, senior vice president, rail centric supply chain at CN. “CN
has been at the forefront of innovation and identifying how we can
create new supply chains and expand the country’s trade with
international markets. The Ridley Island Propane Export Terminal is
an excellent example of how we work directly with our customers to
help them win in their markets and expand to new ones. We are proud
to go above and beyond for our customers and of what our
collaboration can achieve.”
“International markets are constantly looking
for new reliable sources of energy,” explained Buck Rogers, vice
president, petroleum and chemicals at CN. “Canada’s ability to
provide this energy, safely and efficiently, is key to our economic
recovery and to our role as a global trading partner. While the
energy industry has been particularly affected by the recent
economic downturn, CN remains committed to providing a safe and
reliable solution to getting Canadian Energy to international
markets.”
CN is a true backbone of the economy,
transporting 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.
Contacts: |
|
Media |
Investors |
Jonathan Abecassis |
Paul Butcher |
Senior Manager |
Vice-President |
Media Relations |
Investor Relations |
(514) 399-7956 |
(514) 399-0052 |
Canadian National Railway (TSX:CNR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Canadian National Railway (TSX:CNR)
Historical Stock Chart
From Apr 2023 to Apr 2024