Vardah Gill
2 min read
In This Article:
Canadian National Railway Company (NYSE:CNI) announced plans to invest around C$80 million in New Brunswick and Nova Scotia as part of its 2025 capital investment program. The funds will go toward track maintenance and key infrastructure upgrades to enhance rail operations in the region.
This includes improvements to Canadian National Railway Company (NYSE:CNI)'s railyards and the CN Autoport facility in Eastern Passage, N.S., aiming to ensure the safe transport of goods and support long-term sustainable growth in Atlantic Canada.
Tracy Robinson, President and Chief Executive Officer of CN, made the following statement:
"We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. 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."
Last year, Canadian National Railway Company (NYSE:CNI) invested about $84 million in the same provinces, mainly for infrastructure upkeep such as rail and tie replacements, grade crossing upgrades, and structural maintenance.
Each year, the company helps drive the North American economy by safely moving over 300 million tons of natural resources, manufactured goods, and consumer products for its customers.
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