VANCOUVER, B.C.–Canada’s trade agenda requires a policy framework that encourages and rewards continued investment in supply-chain capacity and innovation, CN’s Claude Mongeau, president and chief executive officer of CN said in a speech to the Vancouver Board of Trade May 14.
“The current review of the Canada Transportation Act affords the federal government a prime opportunity to affirm the commercial policies of the past 25 to 30 years that have produced a Canadian rail industry renowned internationally for efficiency, innovation and freight rates that are among the lowest in the world, based on a market framework and commercial principles,” he said.
“B.C. is a key gateway for Canada’s global trade, and we’re proud that CN’s strong focus on innovation and supply chain collaboration has contributed strongly to the economy of British Columbia. For example, over the past five years international container volumes moving over the ports of Vancouver and Prince Rupert combined more than doubled,” added Mongeau.
He said that railways are crucial to the prosperity of the Canadian economy and the nation’s competitiveness in global markets.
“We need the right business agenda, supported by the right policy framework, to encourage railways to continue building for the future. In a market economy like Canada’s, only a balanced commercial approach can help sustain the solid rail industry foundation built over the past 25 years,” he concluded.