CN orders 70 new high-horsepower locomotives from GE and EMD
21 10월 2009 - 11:00PM
PR Newswire (US)
New diesel-electric locomotives will increase fuel efficiency,
improve customer service and cut greenhouse-gas emissions MONTREAL,
Oct. 21 /PRNewswire-FirstCall/ -- CN (TSX: CNR)(NYSE:CNI) announced
today orders for 70 new high-horsepower locomotives from GE
Transportation, a unit of General Electric Co. (GE), and
Electro-Motive Diesel, Inc. (EMD). CN will acquire 35 ES44DC
locomotives from GE starting in the fourth quarter of 2010, and 35
SD70M-2s from EMD beginning in January 2011. The GE locomotives
produce 4,400 horsepower and the EMDs 4,350 horsepower. The new
units are part of CN's multi-year locomotive-renewal program aimed
at continuously increasing fuel efficiency, improving service
reliability for its customers, and reducing greenhouse-gas
emissions. The new locomotives are 15-20 per cent more
fuel-efficient than the ones they will replace and will comply
fully with the latest regulatory requirements for reduced
locomotive exhaust emissions. In addition, the new GE and EMD
locomotives will be equipped with distributed power (DP)
capability. DP enables remote control of a locomotive or
locomotives throughout a train from the lead control locomotive. DP
provides faster, smoother train starts, improved braking and lower
pulling forces at the head-end of a train. This enables CN to run
fewer and more efficient trains and to take advantage of the
productivity gains from its extended siding program. With more
optimum matching of motive power to train weight, DP locomotives
also allow CN to reduce fuel consumption and reduce emissions. CN
is the green, energy-efficient choice for shippers. Rail has been
shown to be up to six times more energy-efficient than heavy
trucks, because rail consumes a fraction of the fuel to transport
one tonne of freight one kilometre. In fact, we can move one tonne
of freight almost 200 kilometres on just one litre of fuel. CN has
a comprehensive corporate environmental policy and works closely
with the rail industry in Canada and the United States and
government agencies on ways to reduce its emissions. The company's
innovative Precision Railroading model, and partnership agreements
with other railroads to share assets and deliver interchange
traffic at the most efficient gateways, have also reduced fuel
consumption and emissions. Forward-Looking Statements This news
release contains forward-looking statements. CN cautions that, by
their nature, forward-looking statements involve risk,
uncertainties and assumptions. Implicit in these statements,
particularly in respect of long-term growth opportunities, is the
Company's assumption that such growth opportunities are less
affected by the current situation in the North American and global
economies. The Company cautions that its assumptions may not
materialize and that the current economic conditions render such
assumptions, although reasonable at the time they were made,
subject to greater uncertainty. The Company cautions that its
results could differ materially from those expressed or implied in
such forward-looking statements. Important factors that could cause
such differences include, but are not limited to, the effects of
adverse general economic and business conditions, including the
recession in the North American economy and the global economic
contraction in 2009, 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, various events which could
disrupt operations, including natural events such as severe
weather, droughts, floods and earthquakes, 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" in CN's annual and interim
reports, Annual Information Form and Form 40-F filed with Canadian
and U.S. securities regulators, available on CN's website, for a
summary of major risks. 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 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. CN - Canadian National Railway
Company and its operating railway subsidiaries - spans Canada and
mid-America, from the Atlantic and Pacific oceans to the Gulf of
Mexico, serving the ports of Vancouver, Prince Rupert, B.C.,
Montreal, Halifax, New Orleans, and Mobile, Ala., and the key
metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth,
Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul,
Memphis, and Jackson, Miss., with connections to all points in
North America. For more information on CN, visit the company's
website at http://www.cn.ca/. DATASOURCE: CN CONTACT: Media: Mark
Hallman, Director, Communications & Public Affairs, (905)
669-3384; Investors: Robert Noorigian, Vice-President, Investor
Relations, (514) 399-0052
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