Wednesday, September 05, 2012

CN: More freight cars, containers, in 2012

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CN Wednesday said it plans to begin acquiring more than 2,200 new freight cars and 1,300 containers by the end of this year "to support traffic growth and improve customer service.

Said Jean-Jacques Ruest, executive vice-president and chief marketing officer, "CN is acquiring new freight cars and containers for a range of markets, including forest products, metals, minerals, coal, iron ore, steel, consumer goods, finished vehicles, and grain. These fleet additions will help us grow in line with our customers' demands and ensure CN has the right mix of modern, productive assets."

CN's largest rolling stock addition in 2012 is the acquisition of 600 premium 60-foot, double-door box cars for forest products, and metals traffic. These higher payload cars help improve customer loading efficiency.

CN's other main 2012 fleet additions include: 1,300 containers for grocery and consumer goods; 558 high-capacity modern covered hoppers for grain exports; 317 multi-level cars for finished vehicles deliveries to major cities; 300 gondolas for coal exports; 232 new ore cars for pelletized iron ore produced in Minnesota to supply steel mills in the U.S.; and 200 multi-purpose box cars for the North American freight car pool.

Said Ruest, "CN's rolling stock acquisition strategy is responding to evolving market conditions and is intended to ensure reliable, predictable supply chains for our customers."