CN Reaches Tentative Labour Agreement with United Steelworkers

    Business Editors/Transportation Writers

    MONTREAL--(BUSINESS WIRE)--Jan. 14, 2005--CN (NYSE:CNI) (TSX:CNR) announced today that it has signed a tentative labour agreement with the United Steelworkers of America, the union representing approximately 2,250 employees who maintain and repair CN's track, bridges and structures in Canada.

    Details of the new agreement, covering the period from Jan. 1, 2004, to Dec. 31, 2007, are being withheld pending ratification. In general, the agreement provides for increased wages and improved benefits.

    In the latest round of labour negotiations in Canada, CN has renewed agreements with the section of the United Transportation Union (UTU) representing brakemen and conductors on the company's Northern Quebec Territory (NQT); the Canadian Auto Workers; the Teamsters Canada Rail Conference/Rail Traffic Controllers; and the Canadian National Railways Police Association.

    CN remains in negotiations in Canada with the national UTU body outside the NQT; the Teamsters Canada Rail Conference representing locomotive engineers; and the International Brotherhood of Electrical Workers, whose members maintain and repair signals and communications equipment.

    Canadian National Railway Company spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America.

    www.cn.ca

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CONTACT: CN Mark Hallman (Media) System Director, Media Relations (905) 669-3384 OR CN Robert Noorigian (Investment Community) Vice-President, Investor Relations (514) 399-0052

KEYWORD: NEW YORK INTERNATIONAL CANADA INDUSTRY KEYWORD: TRANSPORTATION SOURCE: Canadian National Railway Company

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