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Rail News Home Canadian National Railway - CN 6/30/2022 Rail News: Canadian National Railway - CN
CN this week announced plans to spend $230 million on capital expenditure projects in Louisiana, Minnesota, Mississippi and Wisconsin.The Class I has budgeted $85 million in Wisconsin, $65 million in Mississippi, $55 million in Minnesota and $25 million in Louisiana. The investments will go toward technology, capacity, rolling stock and decarbonization initiatives, as well as network improvements. The projects will increase sustainable growth and ensure the safe movement of goods in those states, CN officials said in a press release.Combined, the projects call for replacing 24 miles of rail, installing 265,000 new ties, rebuilding 97 grade crossing surfaces and performing maintenance work on bridges, culverts, signal systems and other track infrastructure."We continue to make significant investments in our network, technology, and capacity. We are building the premier railroad of the 21st century to do even more for our customers, railroaders, shareholders, and the communities in which we operate," said Sean Finn, CN's executive vice president of corporate services and chief legal officer.CN recently announced similar capital expenditure budgets for projects in Illinois and Tennessee, as well as in the provinces of Alberta, British Columbia, Manitoba, Nova Scotia and Quebec.