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CN investments in Ontario to total $1 billion by end of 2022, includes logistics hub construction

DCN-JOC News Services
CN investments in Ontario to total $1 billion by end of 2022, includes logistics hub construction

MONTREAL — CN has awarded a contract to build 1,150 new generation, high-capacity, grain hopper cars to National Steel Car Ltd. of Hamilton, Ont., bringing the amount CN plans to invest in Ontario by the end of 2022 to $1 billion.

In addition to its purchase of 1,150 rail cars, as well as CN’s ongoing annual capital investments, CN has also pledged to invest more than $250-million in the construction of the proposed Milton Logistics Hub, an essential transportation infrastructure project that is critical to the economic future of consumers in Ontario and Canada, states a release.

In July, CN announced it was purchasing the new closed 55-foot eight-inch jumbo grain hopper cars, each with 5,431 cubic feet of capacity. CN’s Western Canadian grain fleet is comprised of CN-owned hoppers, leased cars and private customer equipment. The new grain hopper cars will enable the company to move more tonnage of grain per year, adds the release.

“I’m immensely proud that CN has chosen a made-in-Ontario solution to manufacture new generation, high-capacity, grain hopper cars,” said Ontario Premier Doug Ford in a statement. “Ontario-made is quality-made. CN is a great contributor to Ontario’s economy, consumers and communities, and its role is especially valued as the province and the country recover from COVID-19. It’s investments like these that will create jobs and prosperity across the country as Ontario-made grain cars will be used in the movement of western Canadian grain.”

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