'We take our essential role in the North American economy seriously and these investments in
'Private investments in our rail infrastructure provide numerous benefits to the economy as a whole and are critical now more than ever. I greatly appreciate CN's continued commitment to improving the transportation network and aiding in America's economic recovery.'
The Company's investments will create greater capacity, which supports reductions in its customer's transportation supply chain GHG emissions, by encouraging the use of rail for long haul needs. This reduces emissions, traffic congestion, accidents and burdens on public transportation infrastructure as one freight train can replace over 300 trucks from roads. Moving freight by rail instead of truck reduces GHG emissions by 75%. The Company will continue to deploy important safety enhancing technologies across its network, such as the Autonomous Track Inspection Program, Distributed Air Cars and Automated Inspection Portals.
Maintenance program highlights include:
Replacement of 7 miles of rail
Installation of over 25,000 new railroad ties
Rebuilds of 17 road crossing surfaces
Maintenance work on bridges, level crossings, culverts, signal systems and other track infrastructure
Capital investments: More than
Employees: approximately 649
Railroad route miles operated: 173
Community partnerships:
Local spending:
Cash taxes paid:
Forward-looking statements
Certain statements 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. The Company 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 are not guarantees of future performance and involve risks, uncertainties and other factors, which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Reference should be made to Management's Discussion and Analysis in CN's annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and
CN is a true backbone of the economy, transporting more than
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Media Relations Investor Relations
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