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CN's Acquisition of Iowa Northern Approved by STB

CN's Acquisition of Iowa Northern Approved by STB

中國對愛荷華北方公司的收購獲得STB批准
加拿大國家鐵路 ·  01/14 05:00

MONTREAL, Jan. 14, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is pleased to announce that the U.S. Surface Transportation Board (STB) has approved CN's acquisition of Iowa Northern Railway Company (IANR).

蒙特利爾,2025年1月14日(環球通訊社)——中國(多倫多證券交易所股票代碼:CNR)(紐約證券交易所代碼:CNI)欣然宣佈,美國地面交通委員會(STB)已批准CN收購愛荷華北方鐵路公司(IANR)。

The decision allows CN to combine IANR's 175 route miles with CN's nearly 20,000-mile rail network as early as February 13, 2025. A combined CN-IANR will offer single-line service to better connect grain, fertilizer, renewable fuels, and industrial markets to CN's North American network. Customers and local businesses along the IANR network will benefit from new optionality to respond to the needs of their existing markets and accelerate growth in new markets.

該決定允許CN最早在2025年2月13日將IANR的175條路線里程與CN近2萬英里的鐵路網絡合並。合併後的CN-IANR將提供單線服務,以更好地將穀物、化肥、可再生燃料和工業市場與CN的北美網絡連接起來。IANR網絡上的客戶和本地企業將受益於新的選擇,以響應其現有市場的需求並加速新市場的增長。

"We recognize and thank the STB for its commitment to a rigorous process that has yielded the right outcome. We look forward to welcoming the team at Iowa Northern Railway into our CN family of railroaders, and we are carefully preparing for a successful integration. We are excited to grow our network, offering customers, farmers and our supply chain partners with single-line access to new markets. This is an important step in our growth plan, reinforcing our commitment to providing customers with exceptional rail service and powering the economy."

「我們認可並感謝StB對嚴格流程的承諾,該流程取得了正確的結果。我們期待着歡迎愛荷華北方鐵路的團隊加入我們的CN鐵路公司大家庭,我們正在爲成功整合做精心準備。我們很高興能夠擴大我們的網絡,爲客戶、農民和我們的供應鏈合作伙伴提供進入新市場的單線渠道。這是我們增長計劃中的重要一步,它強化了我們爲客戶提供卓越的鐵路服務和推動經濟發展的承諾。」

  • Tracy Robinson, President and Chief Executive Officer, CN
  • 加拿大總裁兼首席執行官特雷西·羅賓遜

"I am honored by the STB's approval of Iowa Northern joining together with CN. This combination is a milestone in my 55-year career. I am proud of what Iowa Northern's employees and customers have built and their important role in Iowa's economy. I am also excited about the benefits of our combination for customers, employees, and the communities we serve."

「STB批准愛荷華北方航空公司加入CN令我感到榮幸。這種組合是我55年的職業生涯中的一個里程碑。我爲愛荷華北方航空的員工和客戶所取得的成就以及他們在愛荷華州經濟中的重要作用感到自豪。我也對我們的合併爲客戶、員工和我們服務的社區帶來的好處感到興奮。」

  • Daniel Sabin, Chairman at Iowa Northern Railway
  • 愛荷華州北方鐵路董事長丹尼爾·薩賓

CN Forward-Looking Statements
Certain statements by CN 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. CN 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. 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前瞻性陳述
CN在本新聞稿中包含的某些陳述構成1995年《美國私人證券訴訟改革法》和加拿大證券法所指的 「前瞻性陳述」。就其性質而言,前瞻性陳述涉及風險、不確定性和假設。CN警告說,其假設可能無法實現,當前的經濟狀況使此類假設儘管在做出時是合理的,但面臨更大的不確定性。前瞻性陳述可以通過使用 「相信」、「期望」、「預期」、「假設」、「展望」、「計劃」、「目標」 或其他類似詞語等術語來識別。前瞻性陳述反映了截至其發表之日的信息。除非適用的證券法要求,否則CN沒有義務更新或修改前瞻性陳述以反映未來事件、情況變化或信念的變化。如果CN確實更新了任何前瞻性陳述,則不應推斷CN會就該陳述、相關事項或任何其他前瞻性陳述進行更多更新。

About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

關於 CN
CN每年爲其客戶在北美各地安全交通超過30000萬噸的自然資源、製成品和製成品,從而爲經濟提供動力。CN憑藉其近20,000英里的鐵路網絡和相關交通服務,將加拿大的東西海岸與美國中西部和墨西哥灣連接起來,自1919年以來其運營所在社區的可持續貿易和繁榮做出了貢獻。

About Iowa Northern Railway
The Iowa Northern, based in Waterloo, is a critical transportation network in Iowa, facilitating high levels of economic development for the communities it serves. The company has been long regarded as one of the country's premier and fastest-growing independent shortline railroads led by the Sabin family.

愛荷華州北部鐵路公司簡介
總部位於滑鐵盧的愛荷華北部是愛荷華州的重要交通網絡,爲其所服務社區的高水平經濟發展提供了便利。長期以來,該公司一直被認爲是該國首屈一指且增長最快的獨立短線鐵路之一,由薩賓家族領導。

Contacts:
Media Investment Community
Jonathan Abecassis Stacy Alderson
Director, Public Affairs and Assistant Vice-President
Media Relations Investor Relations
(438) 455-3692
(514) 399-0052
media@cn.ca investor.relations@cn.ca
聯繫人:
媒體 投資社區
喬納森·阿貝卡西斯 史黛西·奧爾德森
公共事務和 助理副總裁
媒體關係 投資者關係
(438) 455-3692
(514) 399-0052
media@cn.ca investor.relations@cn.ca

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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