Exhibit 99.2

                       Canadian National Railway Company


                                  Fact Sheet
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Franchise Facts

 .  CN operates the largest rail network in Canada and the only transcontinental
   network in North America. The company operates 16,000 route miles in nine
   Canadian provinces and 15 US states.

 .  CN spans Canada and mid-America from the Atlantic and Pacific oceans to the
   Gulf of Mexico, serving the ports of Vancouver, Montreal, Halifax, New
   Orleans, and Mobile AL, and the key cities of Toronto, Buffalo, Chicago,
   Detroit, Memphis, St. Louis and Jackson, MS.

 .  CN has the shortest route from the Atlantic coast to the US Midwest
   through the St. Clair Tunnel between Sarnia, ON, and Port Huron, MI. The
   tunnel handles double stack containers and the largest automotive carriers in
   service.

 .  CN operates an average of 265 active scheduled freight trains per day on
   the network.

 .  More than 75 per cent of CN's revenue comes from U.S. operations, Canada-U.S.
   transborder and offshore traffic.

 .  CN operates 1,650 active locomotives and 66,000 active freight cars.

 .  With a strong focus on asset utilization, CN has effectively removed more
   than 670 locomotives and 13,400 freight cars from its active fleet, giving
   the company one of the newest fleets in the industry.

 .  CN has the lowest operating ratio among Class 1 railroads.

 .  CN uses its Service Reliability Strategy system to operate scheduled railroad
   service across its entire network with a target for average on-time
   performance of 90 per cent, system wide.

 .  CN employs approximately 23,500 people in Canada and the U.S.