CN Ends Lock Out and Initiates Restoration Plan

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Following Order by Minister of Labour, CN Resumes Prepare Actions

MONTREAL, Aug. 22, 2024 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) introduced in the present day that efficient 18:00 ET, it ended its lock out and instantly initiated its restoration plan.

As CN awaits the formal order from the Canada Industrial Relations Board (CIRB), the Firm is making this choice to expedite the restoration of the financial system.

Whereas CN is happy that this labour battle has ended and that it might probably get again to its function of powering the financial system, the Firm is dissatisfied {that a} negotiated deal couldn’t be achieved on the bargaining desk regardless of its finest efforts.

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CN Ahead-Trying Statements
Sure statements by CN included on this information launch represent “forward-looking statements” throughout the that means of the US Personal Securities Litigation Reform Act of 1995 and below Canadian securities legal guidelines. By their nature, forward-looking statements contain dangers, uncertainties and assumptions. CN cautions that its assumptions could not materialize and that present financial circumstances render such assumptions, though cheap on the time they have been made, topic to higher uncertainty. Ahead-looking statements could also be recognized by way of terminology equivalent to “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or different comparable phrases. Ahead-looking statements replicate info as of the date on which they’re made. CN assumes no obligation to replace or revise forward-looking statements to replicate future occasions, modifications in circumstances, or modifications in beliefs, except required by relevant securities legal guidelines. Within the occasion CN does replace any forward-looking assertion, no inference needs to be made that CN will make further updates with respect to that assertion, associated issues, or another forward-looking assertion.

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About CN
CN powers the financial system by safely transporting greater than 300 million tons of pure assets, manufactured merchandise, and completed items all through North America yearly for its prospects. With its practically 20,000-mile rail community and associated transportation providers, CN connects Canada’s Japanese and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable commerce and the prosperity of the communities through which it operates since 1919.

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