CN Announces 5-Year Transportation Agreement With AltaGas
Portfolio Pulse from Happy Mohamed
Canadian National Railway Company (CN) has announced a renewed and expanded 5-year transportation agreement with AltaGas. The agreement leverages CN's exclusive access to the Port of Prince Rupert, offering strategic advantages for rail customers including reduced port congestion, state-of-the-art export and import terminals, and shorter transit times to key markets.

October 23, 2023 | 8:25 pm
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POSITIVE IMPACT
The renewed and expanded 5-year transportation agreement with AltaGas could potentially increase CN's revenues and profitability due to increased carload growth and reduced port congestion.
The renewed agreement with AltaGas is likely to increase CN's carload growth, which could lead to increased revenues. Additionally, CN's exclusive access to the Port of Prince Rupert could reduce port congestion, potentially improving efficiency and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100