CN to Invest $30 Million in Tennessee to Build Capacity and Power Sustainable Growth
Rhea-AI Summary
Positive
- New US$30 million investment commitment for Tennessee infrastructure and technology improvements
- Strong previous year performance with US$36 million invested in Tennessee in 2024
- Significant local economic impact with US$24 million in local spending and US$8.7 million in taxes paid in 2024
- Strategic upgrades to key facilities including US$7 million for Harrison Yard locomotive fueling facility
Negative
- None.
News Market Reaction – CNI
In the trading session that priced this news, CNI gained 0.78%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOMEWOOD, Ill., June 12, 2025 (GLOBE NEWSWIRE) -- June 12 2025 – CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US
“We believe that investing in our network is about building for the future. Our continued infrastructure investment in Tennessee 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
“The Tennessee Department of Transportation is excited about CN's investments in Tennessee. The approximately
- Dan Pallme, Assistant Bureau Chief – Planning Bureau, Tennessee Department of Transportation
In 2024, CN invested approximately US
- Over US
- More than US
- Employees: approximately 655
- Railroad route miles operated: 161
- Community investments: US
$ 64,000 in 2024 - Local spending: US
$24 million in 2024 - Cash taxes paid: US
$8.7 million in 2024
Forward-looking Statements
Certain statements by CN included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
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: | |
| Media | Investment Community |
| Ashley Michnowski | Stacy Alderson |
| Senior Manager | Assistant Vice-President |
| Media Relations | Investor Relations |
| (438) 596-4329 | (514) 399-0052 |
| media@cn.ca | investor.relations@cn.ca |
