CN to Invest Approximately $170 Million in Illinois to Build Capacity and Power Sustainable Growth

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].