CHICAGO, Aug. 23, 2016 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI), Archer Daniels Midland Company (NYSE: ADM) and the Midwest Inland Port (MIP) said today their collaborative logistics and marketing efforts are driving increased container shipments over ADM's privately owned intermodal ramp located in Decatur, Ill.
CN is transporting an increasing number of import containers from the Port of Montreal and the Port of Prince Rupert, B.C., to the Decatur facility in thrice-weekly train service to deliver to customers across the Midwest.
ADM then reloads the empty 40-foot import containers in Decatur with export loads of grain and processed products destined for global markets via CN's rail network and its Canadian port gateways. CN and ADM have a strong history of partnering together on other rail freight opportunities including shipments to Mexico.
JJ Ruest, CN executive vice-president and chief marketing officer, said: "CN is a supply chain enabler and its collaborative efforts with ADM and MIP through the Midwest Inland Port Strategic Development Coalition is forging new logistics chain and growth opportunities for ADM and other enterprises in Decatur and the surrounding region.
"CN brings to the table an unparalleled three-coast network reach, extensive contacts in Asian markets, sophisticated freight-forwarding knowledge, and expert U.S. customs and marketing support."
Dennis Whalen, vice-president – transportation, intermodal freight for ADM, said: "We are pleased to see rising volumes of imported containers arriving at our intermodal ramp via CN for area distribution in Illinois. The resulting empty container capacity is essential to our efforts to grow exports of our products to global markets, especially in Asia."
Ryan McCrady, president of the Economic Development Corporation of Decatur and Macon County, which oversees MIP, said: "CN and ADM are helping to grow our area economy, which benefits from CN's connectivity to Atlantic and Pacific ports, our region's uncongested rail network, a good supply of land for development located on the Decatur Central Railroad served by CN, and a skilled, motivated workforce."
Certain statements included in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as "believes," "expects," anticipates," "assumes," "outlook," "plans," "targets," or other similar words. To the extent that CN has provided non-GAAP financial measures in its outlook, the Company may not be able to provide a reconciliation to the GAAP measures, due to unknown variables and uncertainty related to future results.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements include, but are not limited to, the effects of general economic and business conditions; industry competition; inflation, currency and interest rate fluctuations; changes in fuel prices; legislative and/or regulatory developments; compliance with environmental laws and regulations; actions by regulators; security threats; reliance on technology; transportation of hazardous materials; various events which could disrupt operations, including natural events such as severe weather, droughts, floods and earthquakes; effects of climate change; labor negotiations and disruptions; environmental claims; uncertainties of investigations, proceedings or other types of claims and litigation; risks and liabilities arising from derailments; and other risks detailed from time to time in reports filed by CN with securities regulators in Canada and the United States. Reference should be made to Management's Discussion and Analysis (MD&A) in CN's annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN's website, for a description of major risk factors.
Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
CN transports more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries -- serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information about CN, visit the Company's website at www.cn.ca.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we're one of the word's largest agricultural processors and food ingredient providers, with more than 32,300 employees serving customers in more than 160 countries. With a global value chain that includes 428 crop procurement locations, 280 ingredient manufacturing facilities, 39 innovation centers and the world's premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.
About the Midwest Inland Port
The Midwest Inland Port is a multi-modal hub located in Decatur, Ill., that delivers both domestic and international flexibility for companies through a well-positioned transportation corridor, connecting the Midwest to the East, West and Gulf Coasts of North America. For more information, visit www.MidwestInlandPort.com.