CN to Invest $50 Million in Louisiana to Build Capacity and Power Sustainable Growth

Core Viewpoint - CN plans to invest approximately US$50 million in Louisiana as part of its 2025 capital investment program to enhance track maintenance and infrastructure initiatives, supporting long-term growth and safe movement of goods [1][2]. Investment Details - The investment will focus on projects in the New Orleans area and upgrades at CN's Geismar railyard [1]. - In 2024, CN invested about US$52 million in Louisiana, including over US$18 million for bridge upgrades in New Orleans [2]. Leadership Statements - Tracy Robinson, President and CEO of CN, emphasized that the investment aims to build a resilient and efficient network, supporting economic growth across North America [2]. - Louisiana Governor Jeff Landry praised CN's commitment to economic growth and safe freight movement through the state [2]. Company Overview - CN operates a nearly 20,000-mile rail network, transporting over 300 million tons of goods annually across North America [5]. - In 2024, CN's local spending in Louisiana was US$25 million, with cash taxes paid amounting to US$9.2 million [6].