CN conductors' strike averted after company and Teamsters union reach new tentative labour agreement

  CN conductors' strike averted after company and Teamsters union reach new                           tentative labour agreement  PR Newswire  MONTREAL, Feb. 5, 2014  MONTREAL, Feb. 5,  2014 /PRNewswire/  - CN  (TSX: CNR)  (NYSE: CNI)  announced  today that  it has  reached  a new  tentative  collective agreement  with  the  Teamsters Canada Rail  Conference - Conductors,  Trainpersons and  Yardpersons  (TCRC-CTY).  The parties'  negotiation of  a new  tentative agreement  averts a  threatened  strike by the  union at 0001  hours Eastern  Standard Time Feb.  8, 2014.  The  TCRC-CTY represents  approximately 3,000  CN train  conductors,  trainpersons,  yardpersons and traffic coordinators on CN's network in Canada.  Details  of  the  three-year  labour  contract  are  being  withheld   pending  ratification.  Jim Vena, CN executive vice-president  and chief operating officer, said:  "We  commend the leadership of the TCRC-CTY for reaching consensus with the company and averting a  possible strike.  This will  ensure continued  service to  our  customers in a  very challenging environment  where extreme winter  conditions  have hampered CN operations and affected service levels.  "CN has offered to work closely with the union leadership to explain the terms of the agreement  to union  members over  the next 45  days to  help ensure  a  successful ratification of the agreement."  CN is a true backbone of the economy, transporting approximately 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 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. For more  information  on CN, visit the company's website at  Forward-Looking Statements  Certain  information  included  in  this  news  release  is   "forward-looking  statements" within  the  meaning  of  the  United  States  Private  Securities  Litigation Reform Act of 1995 and under Canadian securities laws. CN  cautions  that,  by  their  nature,  these  forward-looking  statements  involve  risks,  uncertainties and assumptions. The Company  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. Such  forward-looking statements  are  not guarantees  of  future  performance and  involve  known and  unknown  risks, uncertainties  and  other  factors which may cause  the actual results or  performance of the Company  or  the rail industry to  be materially different from  the outlook or any  future  results or performance implied by such statements. Important risk factors that could affect the forward-looking statements  include, but are not limited  to,  the effects of general economic and business conditions, industry competition, inflation, currency and  interest rate fluctuations,  changes in fuel  prices,  legislative and/or regulatory developments, compliance with environmental laws and regulations, actions  by regulators,  various events  which could  disrupt  operations, including natural events such as severe weather, droughts,  floods  and earthquakes,  labor negotiations  and disruptions,  environmental  claims,  uncertainties of  investigations, proceedings  or other  types of  claims  and  litigation, risks and  liabilities arising from  derailments, and other  risks  detailed from time to time in  reports filed by CN with securities  regulators  in Canada and  the United States.  Reference should be  made to  "Management's  Discussion  and  Analysis"  in  CN's   annual  and  interim  reports,   Annual  Information Form  and  Form  40-F  filed with  Canadian  and  U.S.  securities  regulators, available on CN's website, for a summary of major risks.  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 Canadian 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.  SOURCE CN  Contact:  Contacts:  Media Mark Hallman Director, Communications & Public Affairs (905) 669-3384  Investors Janet Drysdale Vice-President, Investor Relations (514) 399-0052