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Article: CN growing "green" wood pellet traffic at double-digit rates.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
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MONTREAL, Nov. 5 /PRNewswire-FirstCall/ -- CN (TSX: CNR) - North America's largest mover of forest products - is on track to haul more than 800,000 tons of wood pellets (http://www.cn.ca/woodpellets) this year and sees more opportunities in the future for this "green" source of heating energy.
"Since 2005, we have experienced a 16 per cent compounded annual growth in our wood pellet traffic, and we see growing potential for this business in domestic and international markets," said James Foote, executive vice-president, Sales and Marketing.
"Wood pellets are a renewable resource, right in our backyard," Foote added. "Our network has direct access to ...