Friday, September 7, 2012
Canadian National Railway grows its container fleet
Canadian National Railway, Canada's largest railroad, is investing to significantly expand and upgrade its fleet of rail cars and containers this year, encouraged by strength in the economy, according to a company statement this week.
CN will purchase more than 2,200 new freight cars and 1,300 new containers as traffic increases, especially in the coal export and intermodal sectors.
Jean-Jacques Ruest, CN's chief marketing officer, said the cost is "probably a third more than the run rate we had in 2009, 2010 and 2011."
The new cars and containers will be used primarily to transport forest products and metals, as well as consumer goods, iron ore, steel, finished vehicles and grain.
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