press release

June 20, 2022, 9:01 a.m. EDT

CN Maintains Normal Rail Operations Across Canada as IBEW Strikes

COO Addresses Employees Directly in Letter as Contingency Plan keeps Railroad Operating Safely

MONTREAL, June 20, Jun 20, 2022 (GLOBE NEWSWIRE via COMTEX) -- MONTREAL, June 20, 2022 (GLOBE NEWSWIRE) -- CN /zigman2/quotes/203746923/delayed CA:CNR +0.93% /zigman2/quotes/208205632/composite CNI +0.95% announced today that normal rail operations continue safely as it has implemented its operational contingency plan. The plan allows the Company to maintain a normal level of safe rail operations across Canada and serve its customers for as long as required.

Following the International Brotherhood of Electrical Workers' (IBEW) rejection of CN's latest offer, CN Executive Vice-President and Chief Operating Officer Rob Reilly sent a letter to all employees represented by the union to inform them of CN's latest offer. The letter is available here .

While the Company is disappointed with the current situation, CN remains committed to finding a resolution and it continues to encourage the IBEW to end its strike through an agreement or through binding arbitration.

About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada's Eastern and Western coasts with the U.S. South through a 18,600-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.

Contacts:

Media Investment Community
Jonathan Abecassis Paul Butcher
Senior Manager Vice-President
Media Relations Investor Relations
438-455-3692
media@cn.ca
(514) 399-0052
investor.relations@cn.ca

COMTEX_408956070/2471/2022-06-20T09:00:44

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/zigman2/quotes/203746923/delayed
CA : Canada: Toronto
$ 163.73
+1.51 +0.93%
Volume: 629,106
Aug. 12, 2022 4:00p
P/E Ratio
22.45
Dividend Yield
1.79%
Market Cap
$113.17 billion
Rev. per Employee
$681,118
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/zigman2/quotes/208205632/composite
US : U.S.: NYSE
$ 128.20
+1.21 +0.95%
Volume: 797,372
Aug. 12, 2022 4:00p
P/E Ratio
22.25
Dividend Yield
1.82%
Market Cap
$88.43 billion
Rev. per Employee
$537,800
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