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Canadian National Railway to Add Five New Sites, Re-Certify Six U..S Locations

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Canadian National Railway (CNR.TO, CNI) said Monday it will add five new industrial sites and re-certify six existing U.S. sites under its Certified Rail-Ready Sites program.

The sites will be certified through a new partnership with the Site Selectors Guild's REDI Sites program, the company added.

"Canadian National Railway's Certified Rail-Ready Sites program helps businesses move more quickly from site selection to operations by identifying strategic, rail-served locations that are ready for investment and connected to markets across North America," Chief Commercial Officer Janet Drysdale said.

Under the program, sites are reviewed for zoning, environmental factors, utilities, and transportation access to help speed up development and reduce risk for businesses and investors, the company said.

The new sites submitted for certification are located in Michigan, Illinois, Mississippi, and Louisiana. The sites being re-certified are located in Kentucky, Mississippi, Illinois, Michigan, and Tennessee, according to the statement.

The company's shares were last seen down $1.52 to $151.18 on the Toronto Stock Exchange.

Price: $151.17, Change: $-1.54, Percent Change: -1.01%

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