CN to Invest $615 Million in British Columbia to Build Capacity and Power Sustainable Growth

VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $615 million CAD in British Columbia, as part of its . This investment will support strategic infrastructure initiatives in the province, including many multi-year projects to increase fluidity in the Vancouver corridor and build capacity along CN’s network from Prince Rupert and across Western Canada. These projects will help ensure the safe movement of goods and support long-term sustainable growth in British Columbia and across CN’s network.

“We believe that investing in our network is about building for the future. Our continued infrastructure investment in British Columbia 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

“CN’s investment reflects the vital role British Columbia plays in Canada’s transportation and trade network. Strengthening rail infrastructure across our province, in both urban centres and smaller communities, will enhance supply chain resiliency and ensure goods move efficiently and reliably.”

- Mike Farnworth, Minister of Transportation and Transit, Government of British Columbia

In 2024, CN invested approximately $554 million CAD in British Columbia for track maintenance and key infrastructure initiatives. Highlights from this investment include:

• Over $22 million for siding extension projects to help provide additional fluidity along key corridors from the Port of Vancouver to Kamloops and north to Fort St John.
• Advancing projects to improve fluidity and capacity in the Greater Vancouver area, such as a $7.6 million initial investment in the multi-year Holdom Overpass project, and $2 million for enhancements to the Thornton Tunnel, as well as another $7 million for upgrades to both the Lulu Island and Fraser River Bridges.

British Columbia in Numbers:

• Employees: approximately 2,698
• Railroad route miles operated: 2,797
• Community investments: $2.7 million in 2024
• Local spending: $559 million in 2024
• Cash taxes paid: $241 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.