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Hot off the press, "New life for the D&H" or NS,CP and CN agree on something
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[quote]QUOTE: <i>Originally posted by Limitedclear</i> <br /><br />November 8, 2004 <br /> <br />CN, CPR and Norfolk Southern Announce Agreement To Improve Freight <br />Service Between Eastern Canada and the Eastern U.S. <br /> <br />MONTREAL, Nov. 8, 2004 - CN, Canadian Pacific Railway (CPR) and Norfolk <br />Southern Railway (NSR) today announced an agreement that will <br />significantly improve freight service between Eastern Canada and the <br />Eastern United States. <br /> <br /> The three-party arrangement will give CN and NSR a seamless, direct <br />north-south routing over CPR's lines south of Montreal that will slice <br />as much as two days' transit time off some 20,000 annual shipments. It <br />will also increase freight traffic density and revenues on CPR's wholly <br />owned subsidiary, the Delaware and Hudson Railway. Implementation is <br />scheduled to begin Nov. 19, 2004. <br /> <br /> CN-NSR traffic destined for the Eastern U.S. will move in CPR <br />trains on CPR's line between Rouses Point, N.Y., and Saratoga Springs, <br />under a freight haulage arrangement between CPR and NSR. This CN-NSR <br />traffic will then move in NSR trains over CPR's line between Saratoga <br />Springs and the NSR connection near Harrisburg, Pa., under a trackage <br />rights agreement between CPR and NSR. <br /> <br /> The new agreement will cut 330 miles off the current routing used <br />by CN and NSR, which sees freight traffic handled more circuitously <br />through the Buffalo, N.Y., gateway. <br /> <br /> E. Hunter Harrison, president and chief executive officer of CN, <br />said: "This three-railroad agreement will benefit both customers and <br />railroads. First, it will offer CN's existing merchandise carload <br />customers in Quebec and the Maritimes quicker access to important <br />consuming markets in the Eastern United States. And second, it will <br />enable the participating railroads to improve the utilization of their <br />networks and locomotive and car fleets." <br /> <br /> David R. Goode, chairman and chief executive officer of NSR, said: <br />"We continue to identify and implement efficiencies benefiting shippers <br />throughout North America. This agreement demonstrates our commitment to <br />aggressively pursue opportunities to improve service." <br /> <br /> Rob Ritchie, president and chief executive officer of CPR, said: <br />"This is an important initiative that takes costs out of the rail <br />industry by placing freight traffic on the most efficient routing <br />without regard to ownership. It also creates a significant source of <br />new earnings for our Delaware and Hudson subsidiary and is another <br />major milestone in improving the profitability and value of this part <br />of our network." <br /> <br /> Canadian National Railway Company spans Canada and mid-America, <br />from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the <br />ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New <br />Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, <br />Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., <br />Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with <br />connections to all points in North America. For more information, <br />consult CN's website at www.cn.ca. <br /> <br /> Norfolk Southern Corporation is one of the nation's premier <br />transportation companies. Its Norfolk Southern Railway subsidiary <br />operates 21,500 route miles in 22 states, the District of Columbia and <br />Ontario, Canada , serving every major container port in the eastern <br />United States and providing superior connections to western rail <br />carriers. NS operates the most extensive intermodal network in the East <br />and is North America's largest rail carrier of automotive parts and <br />finished vehicles. For more information, visit Norfolk Southern's <br />website at www.nscorp.com. <br /> <br /> Canadian Pacific Railway is a transcontinental carrier operating in <br />Canada and the U.S. Its 14,000-mile rail network serves the principal <br />centres of Canada, from Montreal to Vancouver, and the U.S. Northeast <br />and Midwest regions. CPR feeds directly into America's heartland from <br />the East and West coasts. Alliances with other carriers extend its <br />market reach throughout the U.S. and into Mexico. Canadian Pacific <br />Logistics Solutions provides logistics and supply chain expertise <br />worldwide. For more information, visit CPR's website at www.cpr.ca. <br /> <br />For further information contact: <br /> <br />CN <br />Media: Mark Hallman, (905) 669-3384 <br />Investors: Robert Noorigian, (514) 399-0052 <br /> <br />Norfolk Southern Railway <br />Media: Rudy Husband, (610) 567-3377 <br />Investors: Leanne Marilley, (757) 629-2861 <br /> <br />Canadian Pacific Railway <br />Media: Len Cocolicchio, (403) 319-7591, E-mail: len_cocolicchio@cpr.ca <br />Investors: Paul Bell, Vice-President, Investor Relations, (403) 319- <br />3591, E-mail: investor@cpr.ca <br /> <br /> <br />------------- <br />Norfolk Southern Corporation <br />http://www.nscorp.com <br /> <br />[/quote]Well at least they agreed on something.......It's just too bad that the others (RR's) can't do the same.
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