Canadian National Pleased to Confirm the Acquisition of TransX

Canadian National Railway Company (“CN”) announced it has closed the transaction announced on October 30, 2018, pursuant to which CN acquires Winnipeg-based The TransX Group of Companies, one of Canada’s largest and oldest transportation companies.

“We are pleased to have concluded this important transaction that allows us to deepen our supply chain focus and to continue to offer the best services to our customers, from the first mile to the last mile. This transaction will support the safe and efficient movement of our customers’ goods to their end markets in a fast-growing consumer economy,” said JJ Ruest, President and Chief Executive Officer of CN.

Mike Jones, Chief Operating Officer of The TransX Group of Companies said, “Through our talented team of people, we are looking forward to continue to improve our standard of excellence in our solution based, customer focused products, and integrated solutions.”

As previously announced on October 30, 2018, TransX will continue to be based in Winnipeg and will operate independently.

“CN and TransX have been supply chain partners for many years. With the acquisition of TransX, CN will continue to support the wholesale and beneficial cargo owner customers, including in the growing, service sensitive, refrigerated transportation business. CN will continue to expand capacity and foster additional supply chain solutions to help our partners and customers win in their marketplace,” said Keith Reardon, CN’s Senior Vice-President, Consumer Products Supply Chain Growth.

All conditions precedent to closing were satisfied. The terms of the deal were not disclosed.

About Canadian National Railway

CN is a true backbone of the economy, transporting 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.

Contact:

Jonathan Abecassis – Senior Manager Media Relations – (514) 399-7956

Source: Canadian National Railway Company