CN to Invest $75 Million in Mississippi to Build Capacity and Power Sustainable Growth

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 . 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. Our continued infrastructure investment in Mississippi will help strengthen the resiliency and efficiency of our network across the state. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across communities where we operate.”

- Tracy Robinson, President, and Chief Executive Officer of CN

"We appreciate CN's commitment to Mississippi and its investment in our cities and counties. CN is a critical component of our state's transportation and business sectors with operations in multiple regions. Their focus on safety strengthens our communities."

- Charles Busby, Southern District Transportation Commissioner, MDOT

In 2024, CN invested approximately US$56 million in Mississippi for track maintenance and key infrastructure initiatives, including approximately US$ 250,000 for upgrades at CN’s Jackson railyard and to build capacity on the Beaumont Subdivision between Jackson and Collins, MS.

:

• Employees: approximately 497
• Railroad route miles operated: 575
• Community investments: US$ 50,000 in 2024
• Local spending: US$55 million in 2024
• Cash taxes paid: US$15 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.

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