CN (CNI) announces $20 million Indiana investment

CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$20 million in Indiana in 2025, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes investments to increase capacity and upgrade rolling stock. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Indiana and across CN’s network.

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

“As a leader in the rail industry, CN reflects our Hoosier values of hard work and common sense. Whether it's manufacturing or agriculture, CN plays a crucial role in driving the success of Indiana’s industries. We appreciate their continued investment in our workforce, economy, and communities.”

• U.S. Congressman Rudy Yakym, Indiana’s 2nd Congressional District
  

In 2024, CN invested approximately US$28 million in Indiana for track maintenance and key infrastructure initiatives. Highlights from this investment includes over $2 million for projects to upgrade operations at CN’s Kirk railyard and approximately $400 000 for the purchase of equipment, including vehicles and tractors to be used in Indiana and across the network.

Indiana in Numbers:

• Capital investments: More than US$ 28 million in 2024
• Employees: approximately 419
• Railroad route miles operated: 102
• Community investments: US$ 120,000 in 2024
• Local spending: US$66 million in 2024
• Cash taxes paid: US$4.7 million in 2024

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