CN to Invest $75 Million in Mississippi to Build Capacity and Power Sustainable Growth

Rhea-AI Summary

CN announced a $75 million investment plan for Mississippi in 2025 as part of its capital investment program, focusing on track maintenance and strategic infrastructure initiatives. This follows their 2024 investment of $56 million in the state, which included $250,000 for Jackson railyard upgrades and capacity building on the Beaumont Subdivision. CN maintains a significant presence in Mississippi with 497 employees, 575 railroad route miles, and made substantial local economic contributions in 2024, including $55 million in local spending, $15 million in cash taxes, and $50,000 in community investments. The investment aims to enhance network resiliency, efficiency, and safety while supporting sustainable growth across the state and CN's broader network.

Positive

• $75 million investment commitment for infrastructure and track maintenance in Mississippi for 2025
• 19.6% increase in investment compared to 2024's $56 million
• Strong local economic presence with $55 million in local spending and $15 million in cash taxes paid in 2024
• Extensive operational footprint with 575 railroad route miles and approximately 497 employees in Mississippi

Negative

• None.

Insights

Transportation Infrastructure Analyst

CN's 34% increased investment in Mississippi demonstrates strategic commitment to network growth and operational enhancement.

CN's planned $75 million investment in Mississippi marks a substantial 34% increase from 2024's $56 million, signaling a significant commitment to strengthening its southern network infrastructure. This capital allocation focuses on critical track maintenance and strategic infrastructure initiatives that will enhance both safety and operational efficiency across CN's 575-mile Mississippi route system.

The targeted investment follows previous strategic enhancements, including $250,000 for Jackson railyard upgrades and capacity expansion on the Beaumont Subdivision between Jackson and Collins. These focused improvements suggest CN is methodically addressing capacity constraints along key corridors to support anticipated freight volume growth.

With approximately 497 employees in Mississippi and $55 million in local spending during 2024, CN maintains a substantial economic footprint in the state. The increased capital commitment likely reflects confidence in the region's continued importance to CN's network, particularly as a vital link in its north-south freight corridors connecting Canadian markets with Gulf Coast operations.

This investment aligns with industry-wide recognition that infrastructure quality directly impacts service reliability and operating efficiency. By enhancing track infrastructure, CN positions itself to deliver more consistent service to customers while potentially improving operating metrics through reduced maintenance disruptions and increased network fluidity.

The endorsement from Mississippi's Southern District Transportation Commissioner underscores the mutual benefit of this investment, highlighting CN's integral role in the state's transportation network and broader economic development. This capital program represents a tangible commitment to CN's stated focus on resilience, efficiency, and sustainable growth.

HOMEWOOD, Ill., June 11, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $75 million in Mississippi, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. The projects will help ensure the safe movement of goods and support long-term sustainable growth in Mississippi and across CN’s network.

“We believe that investing in our network is about building for the future. Our continued infrastructure investment in Mississippi 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

"We appreciate CN's commitment to Mississippi and its investment in our cities and counties. CN is a critical component of our state's transportation and business sectors with operations in multiple regions. Their focus on safety strengthens our communities."

- Charles Busby, Southern District Transportation Commissioner, MDOT

In 2024, CN invested approximately US$56 million in Mississippi for track maintenance and key infrastructure initiatives, including approximately US$ 250,000 for upgrades at CN’s Jackson railyard and to build capacity on the Beaumont Subdivision between Jackson and Collins, MS.

Mississippi in Numbers:

• Employees: approximately 497
• Railroad route miles operated: 575
• Community investments: US$ 50,000 in 2024
• Local spending: US$55 million in 2024
• Cash taxes paid: US$15 million in 2024

CN 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

FAQ

What is CN's planned investment in Mississippi for 2025?

CN plans to invest approximately $75 million in Mississippi during 2025, focusing on track maintenance and strategic infrastructure initiatives.

How many employees does CN have in Mississippi?

CN employs approximately 497 people in Mississippi and operates 575 railroad route miles in the state.

How much did CN invest in Mississippi in 2024?

In 2024, CN invested approximately US$56 million in Mississippi, including US$250,000 for Jackson railyard upgrades and Beaumont Subdivision capacity improvements.

What is CNI's economic impact in Mississippi?

In 2024, CN made significant economic contributions to Mississippi, including US$55 million in local spending, US$15 million in cash taxes, and US$50,000 in community investments.

How many railroad route miles does CN operate in Mississippi?

CN operates 575 railroad route miles across Mississippi.