CN Plans C$2.5 Billion in 2017 Capital Investments

Canadian National Railway Company (CN) has announced a capital program of C$2.5 billion for 2017 that will focus on hardening its core infrastructure.

"We once again are investing with a focus on advancing safety, service and productivity through infrastructure maintenance, strategic growth initiatives and new technology," stated Luc Jobin, CN's president and CEO. "We remain committed to investing in our business as we continue to advance our agenda of operational and service excellence."

CN will invest approximately C$1.6 billion for track infrastructure, which includes the replacement of 2.2 million rail ties, installation of more than 600 miles of new rail, plus work on bridges, branch line upgrades and other general track maintenance. This is consistent with CN’s investment in 2016.  

Approximately C$400 million has been earmarked to advance the implementation of PTC along parts of its U.S. network, with CN planning to install PTC hardware on approximately 3,500 route-miles. The railway plans to invest a total of US$1.2 billion on the entire project by 2020. 

CN also expects to spend approximately C$500 million on equipment, expansion projects and information technology initiatives. This includes planned growth investments to capitalize on Canadian west coast port expansions and key customer projects, as well as safety technology investments such as wayside inspection systems and track testing vehicles.

"Our 2017 capital program maintains a steady level of investment focused on the maintenance and integrity of our network,” added Jobin. "This allows us to meet the needs of our customers today and for the long run while pursuing our goal of being the safest railroad in North America."