MONTREAL — CN has announced a $3.2-billion capital spending program that includes track infrastructure expansion, investments in yards and intermodal terminals and $1.6 billion on track and railway infrastructure maintenance.
The planned maintenance work includes the replacement of 2.1 million rail ties and more than 600 miles of rail, plus work on bridges and other general track maintenance, said a recent media statement.
Major capacity investments include double track and siding extensions in the west coast to Chicago corridors and intermodal equipment and infrastructure in Toronto, Memphis, Tenn., Joliet, Ill. and other terminals.
There will also be spending on new cars, information technology and systems controls, the statement indicated.
“CN is investing more than ever before in the safety, efficiency and resiliency of our network,” said Luc Jobin, CN president and chief executive officer, in the statement.
“These record investments, a substantial portion of which will go to new capacity and growth projects, will improve our network fluidity, allowing us to deliver superior service to meet our customers’ growing freight volumes.
“With our 2018 capital program and ongoing hiring, we are focused on meeting the needs of our customers.”
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