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CN to Invest $38 Million in Iowa to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-06-30 17:00
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]
CN to Report Second-Quarter 2025 Financial and Operating Results on July 22, 2025
Globenewswire· 2025-06-30 13:00
Core Viewpoint - CN will release its second-quarter 2025 financial and operational results on July 22, 2025, after market close, with a conference call to discuss the results and outlook led by CEO Tracy Robinson [1]. Group 1: Financial Results Announcement - CN's second-quarter 2025 financial and operating results will be issued after market close on July 22, 2025 [1]. - A conference call will be held at 4:30 p.m. Eastern Time on the same day to review the results and outlook [1]. Group 2: Participation Details - Participants can join the conference call by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International), using the passcode 7456934 [2]. - It is recommended that participants dial in 10 minutes prior to the call [2]. - The presentation will be webcast live, with supporting slides available on CN's investor website [2]. Group 3: Company Overview - CN transports over 300 million tons of natural resources, manufactured products, and finished goods across North America annually [3]. - The company operates a nearly 20,000-mile rail network, connecting Canada's coasts with the U.S. Midwest and Gulf Coast [3]. - CN has been contributing to sustainable trade and community prosperity since its establishment in 1919 [3].
Union Pacific (UNP) Conference Transcript
2025-06-24 16:00
Union Pacific (UNP) Conference June 24, 2025 11:00 AM ET Speaker0 Ladies and gentlemen, the program is about to begin. A reminder that this webcast presentation is for Bank of America and Union Pacific clients only. If you are a member or representative of the press or media, please disconnect now. At this time, it is my pleasure to turn the program over to your host from Bank of America, Ken Hoexter. Speaker1 Great. Good morning. Thanks, Paul. I am Ken Hoexter, BofA's air freight and surface transportation ...
CN to Invest $60 Million in Minnesota to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-06-16 14:00
HOMEWOOD, Ill., June 16, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$60 million in Minnesota, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. The projects will help ensure the safe movement of goods and support long-term sustainable growth in Minnesota and across CN’s network. “We believe that investing in our network is about building for the future. ...
CN to Invest $30 Million in Tennessee to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-06-12 14:30
HOMEWOOD, Ill., June 12, 2025 (GLOBE NEWSWIRE) -- June 12 2025 – CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$30 million in Tennessee, as part of its 2025 capital investment program. This includes investments in infrastructure, technology, rolling stock equipment, as well as network improvements These projects will help ensure the safe movement of goods and support long-term sustainable growth in Tennessee and across CN’s network. “We believe that investing in our network is ab ...
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
HOMEWOOD, Ill., June 11, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $75 million in Mississippi, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. The projects will help ensure the safe movement of goods and support long-term sustainable growth in Mississippi and across CN’s network. “We believe that investing in our network is about building for the future ...
CN to Invest Approximately $170 Million in Illinois to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-06-11 14:00
HOMEWOOD, Ill., June 11, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today its plans to invest approximately US$170 million in Illinois, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes investments towards the construction of the Chicago Logistics Hub and projects to upgrade technology and training facilities at CN’s Homewood Campus, as well as network improvements. These proje ...
Union Pacific (UNP) 2025 Conference Transcript
2025-06-10 15:32
Union Pacific (UNP) 2025 Conference June 10, 2025 10:30 AM ET Speaker0 Exactly. Alright. Well, thanks, and good morning again, everybody. Very excited to be joined again, in the transport track by Union Pacific. From UP, we have Jim Bene, CEO Jennifer Hayman, CFO. In the audience, we have Diana and Brandon from the IR team. So thanks everyone for joining us. Really appreciate your coming to the conference today. Speaker1 Thanks for having me. Speaker0 And we're super. I think you guys have one slide. We onl ...
CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth
Globenewswire· 2025-06-05 14:00
MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN’s railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe mov ...