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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
   <link>http://www.streetinsider.com/Press+Releases/Union+Pacific+and+CN+Reach+Agreement+to+Expand+Customer+Opportunities+in+Connection+with+Merger/26802872.html</link>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval</description>
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   <title>Union Pacific and CN Announce Agreement to Improve North American Rail Connectivity</title>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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&lt;p align=&quot;justify&quot;&gt;MONTREAL, July  22, 2026  (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Union Pacific (NYSE: UNP) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads&amp;apos; ability to serve customers.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The agreement provides Union Pacific with expanded operating rights over CN&amp;apos;s Elgin, Joliet &amp;amp; Eastern Railway (EJ&amp;amp;E) corridor through Chicago, while granting CN new rights over Union Pacific&amp;apos;s network between Memphis, Tennessee, and Eagle Pass, Texas, to support freight movements between Canada and Mexico.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;“We are thrilled to have an agreement</description>
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