HAMILTON, Ontario, May 02, 2018 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced it will buy 350 centrebeam cars to serve growing demand from lumber producing customers across its North American network. “We are investing to move the economy as we put the rolling stock, infrastructure and people in place to serve the growing needs of our valued customers,” said JJ Ruest, interim president and chief executive officer of CN. “These additional centrebeams, combined with our recently-announced acquisition of 350 additional box cars, give us the tools to put more capacity at the disposal of business partners such as West Fraser. CN needs to and will do better moving lumber to market.”
The new-build, 73-foot riserless centrebeams, with a maximum load capacity of 286,000 pounds, are expected to be delivered starting in September. CN is also looking at an option to purchase or lease an additional 300 cars. “West Fraser looks forward to continuing to work with partners who can provide an effective supply chain serving the solid U.S. housing market,” said Ted Seraphim, president and chief executive officer of West Fraser.
The new cars will be manufactured in Canada by National Steel Car Ltd. at its assembly plant in Hamilton, Ont. “National Steel Car has been building new freight cars for CN since 1919 and we are honoured to have the opportunity to continue to support CN and the customers they serve throughout North America,” said Gregory J. Aziz, chairman and chief executive officer of National Steel Car Limited. “This order will result in the hiring of over 250 employees at our Hamilton assembly plant, which currently employs more than 1,500 people, and will provide extended benefits for Hamilton and the Canadian economy.”
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