JERSEY CITY, NJ, and MONTREAL, QC, April 3, 2012 /PRNewswire/ - Evergreen Shipping Agency (America) Corporation announced today that it has named CN (TSX: CNR) (NYSE: CNI) as its 2011 Railroad Company of the Year in recognition of CN's "consistent high level of performance."
Evergreen Shipping Agency (America) Corporation serves as North American General Agent for Evergreen Line. Evergreen is a global ocean carrier that serves all continents with container ships. Among its many trade routes, Evergreen Line is the major containerized shipping company serving the east coast of Asia and west coast of North America. The company operates more than 150 container ships calling on 240 ports worldwide in about 80 countries.
Roy Amalfitano, president of Evergreen Shipping Agency (America) Corporation, said: "CN's consistent high level of performance, particularly in comparison to its competitors, has earned CN this recognition. Evergreen appreciates and recognizes CN's excellence in quality, service and support of our mutual customers and encourages CN to continually improve its performance."
Jean-Jacques Ruest, CN executive vice-president and chief marketing officer, said: "CN is honoured to have received this award from Evergreen, which recognizes our clear focus on improving the quality of our customers' supply chains. At CN we are dedicated to operational and service excellence and committed to continually raising the bar on our performance."
Evergreen Line discharges and loads containers for CN at Port Metro Vancouver. CN hauls Evergreen Line traffic between the port and the Canadian cities of Edmonton, Calgary, Saskatoon, Winnipeg, Toronto and Montreal.
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 www.cn.ca/en/index.htm.
Certain information included in this news release constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. CN cautions that, by their nature, these forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, which may cause the actual results or performance of the Company or the rail industry to be materially different from the outlook or any future results or performance implied by such statements. Important factors that could affect the above forward-looking statements include, but are not limited to, the effects of general economic and business conditions, 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 Canadian securities 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 maters, or any other forward-looking statement.