Canadian National Railway Stock Price, News & Analysis

CN announces $55 million investment in Minnesota, aimed at enhancing technology, capacity, and sustainability. This investment will include maintenance programs such as replacing 5 miles of rail and installing over 105,000 new railroad ties. Over the past five years, CN has invested more than $300 million in Minnesota, employing around 540 people and operating 426 route miles. The company emphasizes its role in supporting supply chains while committing to community partnerships and environmental initiatives.

CN plans to invest approximately $25 million in Louisiana during 2022, focusing on technology, capacity, rolling stock, and decarbonization initiatives. These enhancements aim to ensure safe goods movement across CN's transcontinental network. Recent maintenance will include replacing 4 miles of rail, installing 20,000 new ties, and rebuilding 16 road crossings. Over the past five years, CN has invested more than $300 million in Louisiana, maintaining strong community partnerships and local economic contributions.

CN is investing approximately $85 million in Wisconsin for 2022. This investment will focus on technology, capacity, rolling stock units, and decarbonization initiatives. Key maintenance programs include replacing 10 miles of rail, installing 10,000 new ties, and upgrading 53 road crossings. Over the past five years, CN has invested about $700 million in Wisconsin. The company's operations in the state include approximately 1,150 employees and 1,428 route miles. These initiatives aim to ensure sustainable growth and enhance the safe movement of goods across CN's transcontinental network.

CN is investing $30 million in Tennessee in 2022, focusing on technology, rolling stock, and decarbonization initiatives. This investment aims to enhance network safety and sustainability across its transcontinental operations. Key maintenance activities will include installing 38,000 new railroad ties and rebuilding 16 road crossings. Over the past five years, CN has invested more than $200 million in Tennessee, supporting approximately 560 employees and operating 173 railroad route miles.

CN plans to invest approximately $150 million in Illinois in 2022, focusing on technology, capacity, and decarbonization initiatives, enhancing network improvements. Key maintenance efforts include replacing over 10 miles of rail and installing approximately 133,000 new railroad ties. Over the past five years, CN has invested more than $1 billion in the region, operating 1,254 railroad route miles and employing around 1,500 people. The initiative aims to support sustainable growth and the safe movement of goods across CN’s transcontinental network.

Wabtec launched its Precision Dispatch System with an order from CN, marking a significant advancement in rail network automation. This system enhances capacity, efficiency, and safety across CN's extensive rail network of over 20,000 miles. It enables automated control of train operations and improves visibility of network conditions. Operational by late 2023, the system will initially utilize 37 control center desks, representing a major milestone in Wabtec's strategy for optimizing rail networks. This development emphasizes Wabtec's commitment to enhancing the safety and efficiency of rail operations.

CN (TSX: CNR, NYSE: CNI) announced that President and CEO Tracy Robinson, along with CFO Ghislain Houle, will present at the Bernstein’s 38th Annual Strategic Decisions Conference on June 2, 2022, at 3:30 PM ET. The event will be webcast live via CN's investor section at www.cn.ca/investors, with replays available afterward. CN is a key player in North America's transportation sector, safely transporting over 300 million tons of goods annually across a 19,500-mile rail network.

On May 20, 2022, CN (CNI) announced the election of Shauneen Bruder as Chairperson of the Board, succeeding Robert Pace. Bruder, a seasoned executive from the Royal Bank of Canada, emphasized the board's commitment to enhancing governance and bringing on a francophone director. The Annual Meeting saw all 11 proposed nominees elected, with Bruder receiving 98.34% support. The board members bring significant expertise in transportation and operations. This leadership transition and commitment to inclusivity in directorship are critical as CN aims to strengthen its position in the North American railway industry.

CN will participate in the 15^th Annual Wolfe Research Global Transportation & Industrials Conference on May 24, 2022, at 1:40 p.m. ET, featuring CFO Ghislain Houle and CMO Doug MacDonald. Investors can access a live webcast through the Investors section of their website, with a replay available post-event. CN is a leading transportation provider in North America, operating a 19,500-mile rail network and is dedicated to sustainability and community support.