Preserving Midwest Rail Competition

CN Files Anticipated Conditions to Preserve Rail Competition and Expand Midwest Options

CN (TSX: CNR) (NYSE: CNI) has filed with the Surface Transportation Board (STB) a description of the anticipated conditions it plans to seek in connection with the proposed Union Pacific (UP) and Norfolk Southern (NS) transaction. The conditions aim to preserve rail competition and customer choice, while expanding CN's network and service in key Midwest markets. These conditions would strengthen CN's Midwest presence by connecting its network to key areas in St. Louis and Kansas City and preserving competitive rail options for shippers in Des Moines, Iowa and central and southern Illinois that would otherwise see their number of Class I railroads serving their facilities significantly reduced due to the merger. The proposed conditions remain pending approval and the closing of the proposed UP-NS transaction.