Market Overview

CN Orders 60 More Locomotives from GE Transportation

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GE Transportation (NYSE:GE) announced today that CN (TSX:CNR) (NYSE: CNI) will acquire 60 additional locomotives, expanding the class I's
200-unit order placed in December 2017.

"With strong demand across our business, we continue to invest for the
long haul with these locomotives that further expand the reliability and
size of our fleet," said JJ Ruest, president and chief executive officer
of CN. "With expanded infrastructure and new equipment, we are giving
our industry-leading transportation team the tools they need to provide
higher levels of service with greater operating efficiency."

Similar to CN's 2017 purchase, this order includes Tier 4 Evolution™
Series locomotives equipped with GE Transportation's GoLINC™ Platform,
Trip Optimizer™ System and Distributed Power LOCOTROL® eXpanded
Architecture to maximize train effectiveness and efficiency. These
solutions are part of GE Transportation's Train Performance product
suite, which optimizes power distribution, train handling, brake control
and fuel utilization. The new purchase also includes a multi-year
service agreement that supports CN's long-term operational needs.

CN and the industry are seeing rail traffic growth. Year to date, North
American rail volume is up roughly 3.5 percent compared with 2017,
according to the Association
of American Railroads
.

"This agreement will expand on our valued relationship with CN. Our Tier
4 technology will further increase CN's productivity and reliability and
help them grow in the resurging North American segment," said Rafael
Santana, president and chief executive officer of GE Transportation. "We
are proud to partner with CN to meet their future needs and drive
further efficiency into their freight rail operations."

All the CN locomotives will be produced at the GE Manufacturing
Solutions facility in Fort Worth, Texas.

Forward-Looking Statements

Certain statements included in this news release constitute
"forward-looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and under Canadian
securities laws. By their nature, 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. Forward looking statements may be
identified by the use of terminology such as "believes," "expects,"
"anticipates," "assumes," "outlook," "plans," "targets," or other
similar words.

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 to be
materially different from the outlook or any future results or
performance implied by such statements. Accordingly, readers are advised
not to place undue reliance on forward-looking 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; increases in maintenance and operating costs;
security threats; reliance on technology; trade restrictions;
transportation of hazardous materials; various events which could
disrupt operations, including natural events such as severe weather,
droughts, fires, floods and earthquakes; climate change; labor
negotiations and disruptions; environmental claims; uncertainties of
investigations, proceedings or other types of claims and litigation;
risks and liabilities arising from derailments; timing and completion of
capital programs; 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 (MD&A)
in CN's annual and interim reports, Annual Information Form and Form
40-F, filed with Canadian and U.S. securities regulators and available
on CN's website, for a description of major risk factors.

Forward-looking statements reflect information as of the date on which
they are made. 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
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.

About GE Transportation

At GE
Transportation
, we move the world and improve the world. We are a
global technology leader and supplier of equipment, services and digital
solutions to the rail, mining, marine, stationary power and drilling
industries. Our innovations help customers deliver goods and services
with greater speed and savings using our advanced manufacturing
techniques and connected machines. GE Transportation is headquartered in
Chicago, IL, and employs approximately 9,000 employees worldwide.

About CN

CN is a true backbone of the economy whose team of more than 25,000
railroaders transports more than 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 of
approximately 20,000 route-miles 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 about
CN, visit the company's website at www.cn.ca.

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