MONTREAL, May 26, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) $(CNI)$ announced today plans to invest approximately $290 million CAD in Saskatchewan, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the province. This includes major projects to support customer initiatives and our agriculture industry partners to improve the movement of grain and fertilizers. These investments will help ensure the safe movement of goods and support long-term sustainable growth in Saskatchewan and across CN's network.
"We believe that investing in our network is about building for the future. Our continued infrastructure investment in Saskatchewan will help strengthen the resiliency, and efficiency of our network across the province. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate."
- Tracy Robinson, President, and Chief Executive Officer of CN
"We thank CN for their commitment to improving the rail system in Saskatchewan. Rail transportation is an essential part of getting Saskatchewan's food, fuel and fertilizer to more than 160 countries around the globe," said Highways Minister David Marit. "Our customers are expecting a reliable and timely delivery system, and this investment will help our robust transportation network continue to meet the needs of Saskatchewan producers, while supporting our export-based economy."
- David Marit, Minister of SaskBuilds and Procurement, Government of Saskatchewan
In 2024, CN invested approximately $160 million CAD in Saskatchewan for track maintenance and key infrastructure initiatives. Highlights of this investment include:
-- More than $6.7 million in shared investment for grade crossing upgrades
across our network in Saskatchewan
-- Over $3 million in upgrade projects to improve operations and support
employees at CN's Melville railyard
Saskatchewan in Numbers:
-- Employees: approximately 1,152 -- Railroad route miles operated: 1,845 -- Community investments: $670,000 in 2024 -- Local spending: $117 million in 2024 -- Cash taxes paid: $105 million in 2024
CN Forward-Looking Statements
Certain statements by CN included in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as "believes," "expects," "anticipates," "assumes," "outlook," "plans," "targets," or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.
Contacts:
Media Investment Community ----------------- ------------------------ Ashley Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@cn.ca investor.relations@cn.ca
(END) Dow Jones Newswires
May 26, 2025 10:30 ET (14:30 GMT)