Latest news with #CharlesBusby
Yahoo
16 hours ago
- Business
- Yahoo
CN to invest $295m in US under 2025 capital investment programme
Canadian National Railway (CN) has announced a significant investment of approximately $295m across various states in the US, including Illinois, Mississippi, Tennessee and Indiana, as part of its 2025 capital investment programme. CN's 2025 capital expenditure plan, which totals around C$3.4bn ($2.4bn), is dedicated to improving capacity and safety across its North American operations. In Illinois, CN is investing $170m towards track maintenance, the construction of the Chicago Logistics Hub, and the enhancement of technology and training facilities at CN's Homewood Campus. This initiative is set to facilitate the safe and efficient movement of goods while promoting sustainable growth in the region and throughout CN's network. CN president and CEO Tracy Robinson said: '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.' CN has also announced an investment of $75m in Mississippi towards network improvements. In the previous year, CN channelled roughly $56m into Mississippi for similar purposes, with notable projects such as a $250,000 upgrade at the Jackson railyard and capacity enhancements on the Beaumont Subdivision. MDOT Southern District Transportation commissioner Charles Busby said: '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.' In Tennessee, CN is set to invest approximately $30m in infrastructure, technology, rolling stock, and enhancements to the network. In 2024, CN allocated around $36m in Tennessee for track maintenance and essential infrastructure projects. Tennessee Department of Transportation Planning Bureau assistant bureau chief Dan Pallme said: 'The Tennessee Department of Transportation is excited about CN's investments in Tennessee. The approximately $30 million will increase the entire system's fluidity as Tennessee continues to grow, connecting CN with its customers in Tennessee and beyond. 'The investment will support TDOT's vision of providing a safe and reliable transportation system for people, goods, and services, supporting Tennessee's economic prosperity." Furthermore, CN announced an investment of around $20m in Indiana to increase capacity and upgrade rolling stock. Last month, CN revealed an investment of C$2.1bn ($1.51bn) to be distributed across various Canadian provinces. This funding is part of a concerted effort to enhance rail infrastructure, focusing on track maintenance and strategic initiatives that will increase capacity, ensure safety, and support sustainable growth. "CN to invest $295m in US under 2025 capital investment programme" was originally created and published by Railway Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
6 days ago
- Business
- Yahoo
CN to Invest $75 Million in Mississippi to Build Capacity and Power 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 CNCN 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 Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-06-2025
- Climate
- Yahoo
MDOT advises prepping for 2025 Hurricane Season
JACKSON, Miss. (WJTV) – The 2025 Atlantic Hurricane Season will run from June 1 to November 30. The Mississippi Department of Transportation (MDOT) is reminding residents, businesses and community organizations across South Mississippi to have a preparedness plan in place before a storm threatens the Mississippi Gulf Coast. 'Now is an ideal time to prepare for the 2025 Hurricane Season, before we see a lot of activity in the tropics,' said Commissioner Charles Busby, Southern Transportation District. 'With the 20th anniversary of Hurricane Katrina coming up this year, I cannot over-emphasize the importance of disaster planning and educating yourself on how to evacuate if needed.' NOAA predicts above average 2025 hurricane season: How many storms US could see The 2025 MDOT Hurricane Evacuation Guide features information such as evacuation routes and tips, contraflow information, radio coverage areas through Mississippi Public Broadcasting and important contact information for the Mississippi Highway Patrol, American Red Cross, Mississippi Emergency Management Agency (MEMA) and bordering state DOTs and highway patrols. Information on shelters, pet care, lodging and travel resources is also included. You can download the guide at or order free printed copies at Guides are available in English, Spanish and Vietnamese. If a hurricane forces an evacuation along the Mississippi Gulf Coast, evacuation routes will likely see a sudden increase in traffic volume. MDOT officials said drivers should have a plan and allow ample time to get to their destination safely. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
