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CN to Invest $20 Million in Indiana to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-06-12 14:00
HOMEWOOD, Ill., June 12, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$20 million in Indiana in 2025, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes investments to increase capacity and upgrade rolling stock. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Indiana and across CN’s netwo ...
CN to Invest $75 Million in Mississippi to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-06-11 14:30
Investment Plans - CN plans to invest approximately $75 million in Mississippi as part of its 2025 capital investment program, focusing on track maintenance and strategic infrastructure initiatives [1][2] - In 2024, CN invested approximately $56 million in Mississippi for similar purposes, including $250,000 for upgrades at the Jackson railyard and capacity building on the Beaumont Subdivision [2] Strategic Importance - The investment aims to ensure the safe movement of goods and support long-term sustainable growth in Mississippi and across CN's network [1] - CN's President and CEO emphasized that investing in the network is about building for the future and enhancing the resiliency and efficiency of operations [2] Community Impact - Local officials, including the Southern District Transportation Commissioner, acknowledged CN's critical role in the state's transportation and business sectors, highlighting the focus on safety and community strengthening [2]
CN to Invest Approximately $170 Million in Illinois to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-06-11 14:00
Core Viewpoint - CN plans to invest approximately US$170 million in Illinois as part of its 2025 capital investment program, focusing on track maintenance and strategic infrastructure initiatives [1][2]. Investment Details - The investment will support the construction of the Chicago Logistics Hub and upgrades to technology and training facilities at CN's Homewood Campus, along with network improvements [1]. - In 2024, CN invested approximately US$234 million in Illinois for similar initiatives, emphasizing the company's commitment to infrastructure development [2]. Economic Impact - CN's investments are aimed at strengthening the resiliency and efficiency of its network, which is expected to support economic growth in North America and the communities where it operates [2]. - The company has been recognized as a significant community partner in Will County, highlighting its ongoing commitment to regional success [2]. Financial Contributions - Specific allocations from the 2024 investment included over US$54 million for a four-mile siding extension in the Greater Chicago area, enhancing corridor capacity by 17% [5]. - Additional investments included more than US$15 million for new equipment and approximately US$10 million to improve intermodal operations in the Greater Chicago area [5]. Operational Overview - CN operates approximately 1,256 railroad route miles and employs around 1,667 individuals [5]. - In 2024, CN reported local spending of US$1.0 billion and cash taxes paid amounting to US$46 million [5].
CNI Plans to Invest C$80M in Atlantic Canada for Rail Innovation
ZACKS· 2025-06-06 17:51
Group 1 - Canadian National Railway Company (CNI) is investing $80 million CAD in New Brunswick and Nova Scotia as part of its 2025 capital investment program, indicating strong confidence in the region's economic potential and freight rail future [1][10] - The investment focuses on track maintenance and strategic infrastructure initiatives to enhance rail operations, including upgrades at railyards and the Autoport facility in Eastern Passage, Nova Scotia, ensuring safe goods movement and supporting long-term sustainable growth [2][10] - CNI's president, Tracy Robinson, emphasized that investing in the network is about building for the future, aiming to strengthen the resiliency and efficiency of the network across Atlantic Canada while providing exceptional service to customers [3] Group 2 - CNI's ongoing commitment to infrastructure is evident as it spent nearly $84 million CAD last year in the same regions for track maintenance and infrastructure initiatives, focusing on rail and tie replacements, grade crossing work, and structure maintenance [3] - The company is not slowing down its expansion plans, having made significant investments in other provinces, including $290 million CAD in Saskatchewan, $475 million CAD in Quebec, $165 million CAD in Manitoba, $510 million CAD in Alberta, and $600 million CAD in Ontario [4][10] - These robust initiatives are expected to strengthen investor confidence and support the long-term performance of CNI's stock [5]
CN Announces C$1 Billion Debt Offering
Globenewswire· 2025-06-06 03:55
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business daysMONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of C$500 million 3.500% Notes due 2030, and C$500 million 4.200% Notes Due 2035. CN expects to close the offering on June 10, 2025, subject to customary closing conditions. CN plans to use the net proceeds from the offe ...
CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-06-05 14:00
Core Points - CN plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia as part of its 2025 capital investment program to support track maintenance and infrastructure initiatives [1] - The investment aims to enhance rail operations, improve safety, and promote sustainable growth across CN's network in Atlantic Canada [1][2] - In 2024, CN had already invested around $84 million in the same regions for similar purposes, focusing on infrastructure maintenance [2] Investment Details - The 2025 investment includes over $5 million for a rail bridge upgrade on CN's Napadogan Subdivision in New Brunswick and approximately $4 million in improvements to CN's Autoport in Eastern Passage, N.S. [6] - In 2024, CN's local spending in New Brunswick was $55 million, with community investments totaling $687,000, while in Nova Scotia, local spending was $89 million with community investments of $453,000 [6] Company Overview - CN operates a nearly 20,000-mile rail network, transporting over 300 million tons of goods annually across North America, connecting various regions and contributing to sustainable trade [7]
Ghislain Houle, Executive Vice-President and Chief Financial Officer, to address Wells Fargo 2025 Industrials and Materials Conference
Globenewswire· 2025-06-02 12:00
MONTREAL, June 02, 2025 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will address the Wells Fargo 2025 Industrials and Materials Conference on June 11, 2025, at 9:00 a.m. Eastern Time (ET). CN will provide a live webcast via the Investors section of its website at www.cn.ca/investors. A replay of the webcast will be available following the event. About CNCN powers the economy by safely transporting more than 300 million tons of natura ...
CN to Invest $290 Million in Saskatchewan to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-05-26 14:30
MONTREAL, May 26, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $290 million CAD in Saskatchewan, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the province. This includes major projects to support customer initiatives and our agriculture industry partners to improve the movement of grain and fertilizers. These investments will help ensure the safe movement of goods ...
CN to Invest $475 Million in Quebec to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-05-26 14:00
MONTREAL, May 26, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $475 million CAD in Quebec, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in Quebec. This includes projects to improve the efficiency of CN’s operations at its Taschereau railyard in Dorval, as well as a number of information technology projects that will help better support our customers and modernize our ...
CN to Invest $165 Million in Manitoba to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-05-22 14:30
WINNIPEG, Manitoba, May 22, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $165 million CAD in Manitoba, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the province, including upgrade projects to improve operations of rail yards in Winnipeg. These investments will help ensure the safe movement of goods and support long-term sustainable growth in Manitoba and across CN ...