CN: Port of Prince Rupert container terminal a model of supply chain collaboration

CN congratulates Port of Prince Rupert and DP World on Fairview Container Terminal's 10th anniversary and expansion 

PRINCE RUPERT, BC - CN (TSX: CNR) (NYSE: CNI) today joined its supply chain partners, the Port of Prince Rupert and DP World, in marking the 10th anniversary of the Fairview Container Terminal and celebrating the facility's expansion. "The city of Prince Rupert was built for Canadian trade and the container terminal unlocked so much of the port's untapped potential," said Luc Jobin, president and chief executive officer of CN. "As one of the fastest growing ports in North America, the Port of Prince Rupert holds a premier place on the global trade map. The last decade of supply chain collaboration between the port, terminal operators, CN and other partners has become the model for how to establish and grow a trade corridor." Opened in 2007 at the western terminus of CN's three-coast transcontinental network, the partnership between the port, Fairview terminal, and the governments of Canada and British Columbia created a congestion-free gateway to growing markets across Canada and the United States.   The container terminal opened with weekly service from Cosco and a single train a week. Today, the world's major steamship companies call on the port and with more than 15 trains a week from Rupert, it accounts for about 20 percent of CN's intermodal business. DP World's expansion of the Fairview terminal has added 500,000 twenty-foot equivalent units (TEUs) to the facility. CN, working with its supply chain partners, is committed to selling 80 per cent of the new capacity within three years. "Congratulations to the Port of Prince Rupert and DP World," Jobin said. "We look forward to continuing our successful partnership as the port evolves and we facilitate the growth of our customers' import and export markets."