CN reaches tentative labour contract settlements with train conductors' union
in Canada

MONTREAL, Oct. 1 /CNW Telbec/ - CN (TSX: CNR) (NYSE:CNI) announced today that it has reached tentative collective agreements with the Teamsters Canada Rail Conference - Conductors, Trainmen and Yardmen (TCRC-CTY). Upon ratification, CN will have labour stability with this group for the next three years.

The TCRC-CTY represents approximately 2,700 CN conductors, yard-persons and traffic coordinators on CN's network in Canada.

Details of the three-year labour contracts are being withheld pending ratification.

CN - Canadian National Railway Company and its operating railway subsidiaries - 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 metropolitan areas 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.

For further information: Media: Mark Hallman, Director, Communications & Public Affairs, [phone]; Investment Community: Robert Noorigian, Vice-President, Investor Relations, [phone]