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CN Supporting More Than 300 Customer Growth Projects Across Its Network

(Positive)
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CN (NYSE: CNI) reports that it is supporting more than 300 customer development projects across its North American rail network. In 2025, CN helped bring over 70 customer projects into service, tied to more than $2 billion in customer investment.

By mid-2026, CN has supported 30 additional customer-led projects and is on track for roughly 70 more by late 2026 and early 2027. The company plans approximately $2.8 billion of capital investment in 2026, including the Zanardi Rapids Bridge and Glen Valley double-track projects, after 2025 upgrades on the Edson Subdivision increased corridor capacity by about 25%.

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Positive

  • Over $2 billion in customer investment supported across CN’s network in 2025
  • Pipeline of 300+ customer development projects across North America
  • 2025 Edson Subdivision upgrades increased corridor capacity by ~25%
  • 2026 capital plan of ~$2.8 billion targeting safety, capacity and resiliency

Negative

  • Planned 2026 capital spending of approximately $2.8 billion represents a significant cash outlay

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Customer investments exceeded $2 billion in 2025 as CN continues to invest in its network

MONTREAL, July 30, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that it is supporting the development of more than 300 customer development projects across its North American network, reinforcing its role in strengthening supply chains and powering economic growth.

In 2025, CN helped bring more than 70 customer projects into service, representing over $2 billion in customer investment across its network. So far in 2026, CN has helped bring 30 customer-led projects into service and is on track to complete an additional 70 projects by the end of 2026 and into early 2027.

"Our customers are making significant investments because they have confidence in the strength of CN's network and our ability to grow alongside them. We've invested in the capacity, infrastructure and operating model needed to support new business while continuing to improve network fluidity. That allows us to move more traffic safely and efficiently while giving customers the confidence to invest, expand and bring new industrial projects online across North America."

– Sandra Ellis, Vice-President, Bulk, Industrial and Business Development, CN

Beyond supporting customer growth across its network, CN also plays a critical role in supporting the construction of major infrastructure projects. From moving specialized equipment and construction materials for the LNG Canada project in Kitimat, B.C., to supporting the BC Hydro Site C project, CN's network and supply chain expertise helped deliver the materials needed to advance these transformative investments.

In 2026, CN is investing approximately $2.8 billion through its annual capital investment program, strengthening the safety, capacity and resiliency of its network. Key projects include the Zanardi Rapids Bridge Project in Prince Rupert, and the Glen Valley double-track project in British Columbia, both of which will increase rail capacity and support future growth across Western Canada.

CN’s capital investments are already delivering results. Major capacity improvements completed in 2025 along CN's Edson Subdivision have increased corridor capacity by approximately 25 percent, helping CN support growing customer demand while maintaining a safe, fluid and reliable network.

CN continues to work closely with customers and supply chain partners to bring new projects online, supporting long-term economic growth while strengthening the resilience and competitiveness of North American supply chains.

About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

Contacts:
MediaInvestment Community
Ashley MichnowskiJamie Lockwood
Senior Manager        Vice-President
Media RelationsInvestor Relations and Special Projects
(438) 596-4329(514) 399-0052
media@cn.ca
investor.relations@cn.ca



FAQ

What customer growth projects is CN (NYSE: CNI) supporting across its network in 2026?

CN is supporting more than 300 customer development projects across its North American rail network. According to CN, 30 customer-led projects entered service so far in 2026, with about 70 additional projects expected by the end of 2026 and into early 2027.

How much customer investment did CN (CNI) facilitate in 2025?

In 2025, CN helped bring over 70 customer projects into service representing more than $2 billion in customer investment. According to CN, these projects were spread across its North American network and aimed at strengthening supply chains and supporting economic growth.

What is CN’s 2026 capital investment budget and focus (NYSE: CNI)?

For 2026, CN plans approximately $2.8 billion in capital investments. According to CN, this annual program targets network safety, capacity and resiliency, including the Zanardi Rapids Bridge near Prince Rupert and the Glen Valley double-track project in British Columbia to support future volume growth.

How did CN increase rail capacity on the Edson Subdivision before 2026?

CN’s 2025 capacity improvements on the Edson Subdivision increased corridor capacity by about 25%. According to CN, these upgrades help the company handle growing customer demand while maintaining a safe, fluid and reliable network across this key segment of its Western Canada operations.

How many CN (CNI) customer projects are expected to be completed by late 2026?

CN has already supported 30 customer-led projects into service in 2026 and targets roughly 70 more by late 2026 and early 2027. According to CN, this continues the more than 70 customer projects brought online across its network during 2025.

How is CN involved in major infrastructure projects like LNG Canada and Site C?

CN transports specialized equipment and construction materials for large infrastructure projects such as LNG Canada in Kitimat and BC Hydro’s Site C. According to CN, its rail network and supply chain expertise help deliver essential materials that advance these transformative Canadian energy and infrastructure investments.

How does CN’s network scale support long-term growth for CNI shareholders?

CN operates a nearly 20,000-mile rail network moving over 300 million tons of goods annually. According to CN, this scale, combined with ongoing capacity investments and hundreds of customer projects, is intended to support long-term economic growth and resilient North American supply chains.