CN to Invest $38 Million in Iowa to Build Capacity and Power Sustainable Growth

Core Points - CN plans to invest approximately US$38 million in Iowa as part of its 2025 capital investment program to support track maintenance and strategic infrastructure initiatives [1][2] - The investment aims to enhance the safe movement of goods and promote long-term sustainable growth in Iowa and across CN's network [1][2] - In 2024, CN had already invested around US$31 million in Iowa for similar initiatives, highlighting a commitment to infrastructure development in the region [2][6] Investment Details - The 2025 investment will focus on track maintenance and infrastructure improvements, which are expected to create jobs and support economic growth in Iowa [2] - Specific projects include approximately US$1.4 million for upgrading the track and building capacity on CN's Osage Subdivision near Cedar Rapids and over US$1 million for upgrades at CN's Waterloo rail yard [6] - In 2024, CN's local spending amounted to US$29 million, with cash taxes paid reaching US$6.2 million [6] Economic Impact - The investment is seen as beneficial for Iowa's farmers, businesses, and communities, enhancing the efficiency of transporting Iowa products across North America [2] - CN's infrastructure investments are positioned as crucial for maintaining Iowa's leadership in agricultural production and resource distribution [2]