CN and Quebec grain - and animal-feed company announce supply chain collaboration agreement to drive service and efficiency
QUEBEC CITY, Oct. 11, 2011 /CNW Telbec/ - CN
and Agri-Marché, Inc. announced today that they have signed an agreement to promote greater efficiencies in the Quebec grain supply chain and to deliver better customer service.The parties will measure performance against specific targets and identify ways to mutually improve the grain distribution supply chain. CN delivers grain to Agri-Marché at Saint-Isidore, located southeast of Quebec City.
Doug MacDonald, CN vice-president, corporate marketing, said: 'Our agreement with Agri-Marché provides the both of us with the tools to do a better job of serving the end-customers.'
Jean-Pierre Brochu, operations manager of Agri-Marché, said: 'We have seen a solid improvement in CN's performance as a result of its increased customer collaboration and efforts to improve supply chain efficiencies. We welcome this change, which improves our relationship with our grain suppliers and positions our company to grow its market share with CN.'
Jean-Jacques Ruest, CN executive vice-president and chief marketing officer, added: 'CN signed comprehensive supply chain agreements over the summer with more than 20 customers in the forest-products, grain, and metals and minerals segments. CN is pursuing commercial agreements with all customers who want to improve the supply chain on a mutually beneficial basis. It can be done. It is being done.'
About Agri-Marché
Privately held Agri-Marché, based in Saint-Isidore, Que., owns and operates animal food mills and supplies, and provides various animal feeds and services. In addition, it offers various grains and grains products, as well as grain purchasing, consignment and storage, grain drying and cleaning, grain sales and delivery, grain marketing, reception and shipping of grain by rail, and purchasing advice and stock market information. The company was founded in 1913 and operates as a subsidiary of Groupe Brochu.
About CN
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, St. Louis, 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.
Forward-Looking Statements
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 risk factors that could affect the 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.
CN
CONTACT:
For CN
Media Investment Community
Mark Hallman Robert Noorigian
Director Vice-President
Communications and Public Affairs Investor Relations
(905) 669-3384 (514) 399-0052
For Agri-Marché
François Bilodeau
Project Manager
Imago Communication
(418) 387-4781
