Latest news with #SteveFrisbie
Yahoo
16-06-2025
- Business
- Yahoo
CN to Invest $85 Million in Michigan to Build Capacity and Power Sustainable Growth
HOMEWOOD, Ill., June 16, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$85 million in Michigan, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes projects to build intermodal capacity and upgrades to improve operations at CN's Lansing, Battle Creek and Flint railyards. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Michigan and across CN's network. 'We believe that investing in our network is about building for the future. Our continued infrastructure investment in Michigan 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 'As a member of the House Transportation Committee, we focus on a robust freight transportation network across Michigan. CN is a key component to moving freight efficiently and safely. I have seen this up close over the years as they move goods through my district in Calhoun County and Battle Creek. Michigan needs a strong rail network, and CN is a leader in making significant investments in the Great Lakes State." - Steve Frisbie, State Representative, Michigan's 44th House District In 2024, CN invested approximately US$79 million in Michigan for track maintenance and key infrastructure initiatives. Highlights of this investment include: Over US$3 million to support the completion of the CN's Flat Rock Transload facility Over US$5 million for upgrades to CN's Autoport operations in Lansing Over US$4 million to support automotive facility in Lake Orion Michigan in Numbers: Employees: approximately 1,033 Railroad route miles operated: 812 Community investments: US$ 144,000 in 2024 Local spending: US$136 million in 2024 Cash taxes paid: US$8.1 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 to access your portfolio
Globe and Mail
16-06-2025
- Business
- Globe and Mail
CN to Invest $85 Million in Michigan to Build Capacity and Power Sustainable Growth
HOMEWOOD, Ill., June 16, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$85 million in Michigan, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes projects to build intermodal capacity and upgrades to improve operations at CN's Lansing, Battle Creek and Flint railyards. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Michigan and across CN's network. 'We believe that investing in our network is about building for the future. Our continued infrastructure investment in Michigan 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 'As a member of the House Transportation Committee, we focus on a robust freight transportation network across Michigan. CN is a key component to moving freight efficiently and safely. I have seen this up close over the years as they move goods through my district in Calhoun County and Battle Creek. Michigan needs a strong rail network, and CN is a leader in making significant investments in the Great Lakes State." - Steve Frisbie, State Representative, Michigan's 44 th House District In 2024, CN invested approximately US$79 million in Michigan for track maintenance and key infrastructure initiatives. Highlights of this investment include: Over US$3 million to support the completion of the CN's Flat Rock Transload facility Over US$5 million for upgrades to CN's Autoport operations in Lansing Over US$4 million to support automotive facility in Lake Orion Michigan in Numbers: Employees: approximately 1,033 Railroad route miles operated: 812 Community investments: US$ 144,000 in 2024 Local spending: US$136 million in 2024 Cash taxes paid: US$8.1 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:
Yahoo
04-06-2025
- Politics
- Yahoo
Republicans offer proposal to block locals from banning natural gas
Rep. Steve Frisbie (R-Battle Creek) testifies before the House Energy Committee on June 3, 2025. | Screenshot Local control and energy choice issues were once again up for discussion in the Michigan Legislature this week as a Republican representative made his case on a proposal centered around natural gas-powered appliances. The legislation came from Rep. Steve Frisbie (R-Battle Creek), who testified Tuesday before the House Energy Committee. Frisbie's House Bill 4486, he said, inspired by attempts to ban natural gas connections and appliances in new homes, pointing to a 2023 proposal in Ann Arbor urging city leaders to ban gas service in new housing builds with limited exceptions. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX In response, House Bill 4486 would prevent municipalities from adopting or enforcing ordinances, policies or resolutions that ban the use of natural gas in their locality, or block the installation of natural gas infrastructure, voiding any ordinance that violates this law. 'This legislation is a reflection of personal freedoms,' Frisbie said. 'Who are we to tell a family how they can keep their families warm following an ice storm.' However, old arguments stemming from Republican's opposition to legislative Democrat's 2023 energy law changes quickly bubbled to the surface, as Rep. Julie Brixie (D-Meridian Township) asked Frisbie whether he believed in local control. More than a year and a half ago, Michigan Gov. Gretchen Whitmer put her pen to legislation aimed at expanding clean energy in Michigan, with one set of bills granting the state's energy regulator the authority to approve permits for large-scale renewable energy and battery storage projects, which was previously exclusive to local governments. Republicans viewed the change as an incursion, ripping zoning control away from Michigan communities to force wind and solar on localities who had opposed those resources. Earlier this year, members of the Republican-led House voted on party lines to repeal the change, with Senate Republicans unveiling their own effort to eliminate the law in late May. However, neither proposal is likely to make it through the Democratic-led Senate. While multiple Democratic members of the House Energy Committee pressed Frisbie on how his bill would impact infrastructure and interact with farmland preservation ordinances, Frisbie said the policy 'has nothing to do with gas infrastructure.' 'It has to do with appliances and a choice of being able to use gas versus electric as a user,' Frisbie said. 'It has nothing to do with infrastructure.' Courtney Brady, the Midwest deputy director for Evergreen Action, which advocates for Climate Action in several states, called the scope and the motivation of the bill confusing, telling Michigan Advance 'the fact that the bill is so open ended is concerning.' Although there are incentives in the state to help Michiganders upgrade to energy-efficient electrical appliances, Brady said Michigan localities aren't looking to ban natural gas, calling the bill a 'false solution in search of a problem.' 'These are messaging attempts,' she said. 'They're distractions.' Prior to the introduction of Frisbie's legislation, Sen. Joe Bellino (R-Monroe) introduced a nearly identical policy in the Democratic-led Senate, Senate Bill 275. It has not received a committee hearing.
