Latest news with #TracyRobinson
Yahoo
a day ago
- Business
- Yahoo
Canadian National Railway Company (CNI) to Spend $80 Million in Atlantic Canada to Boost Capacity and Support Sustainable Growth
Canadian National Railway Company (NYSE:CNI) announced plans to invest around C$80 million in New Brunswick and Nova Scotia as part of its 2025 capital investment program. The funds will go toward track maintenance and key infrastructure upgrades to enhance rail operations in the region. This includes improvements to Canadian National Railway Company (NYSE:CNI)'s railyards and the CN Autoport facility in Eastern Passage, N.S., aiming to ensure the safe transport of goods and support long-term sustainable growth in Atlantic Canada. Tracy Robinson, President and Chief Executive Officer of CN, made the following statement: "We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate." Last year, Canadian National Railway Company (NYSE:CNI) invested about $84 million in the same provinces, mainly for infrastructure upkeep such as rail and tie replacements, grade crossing upgrades, and structural maintenance. Each year, the company helps drive the North American economy by safely moving over 300 million tons of natural resources, manufactured goods, and consumer products for its customers. While we acknowledge the potential of CNI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error 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
2 days ago
- Business
- Yahoo
Canadian National Railway Company (CNI) to Spend $80 Million in Atlantic Canada to Boost Capacity and Support Sustainable Growth
Canadian National Railway Company (NYSE:CNI) announced plans to invest around C$80 million in New Brunswick and Nova Scotia as part of its 2025 capital investment program. The funds will go toward track maintenance and key infrastructure upgrades to enhance rail operations in the region. This includes improvements to Canadian National Railway Company (NYSE:CNI)'s railyards and the CN Autoport facility in Eastern Passage, N.S., aiming to ensure the safe transport of goods and support long-term sustainable growth in Atlantic Canada. Tracy Robinson, President and Chief Executive Officer of CN, made the following statement: "We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate." Last year, Canadian National Railway Company (NYSE:CNI) invested about $84 million in the same provinces, mainly for infrastructure upkeep such as rail and tie replacements, grade crossing upgrades, and structural maintenance. Each year, the company helps drive the North American economy by safely moving over 300 million tons of natural resources, manufactured goods, and consumer products for its customers. While we acknowledge the potential of CNI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.
CTV News
3 days ago
- Business
- CTV News
CN will spend $80 million on maintenance, infrastructure in N.B. and N.S.
A train is seen at a CN Rail yard in New Brunswick. (CTV/Derek Haggett) CN said it will spend approximately $80 million in New Brunswick and Nova Scotia as part of its 2025 capital investment program. The company said it was investing in the safe movement of goods and sustainable growth across its Atlantic Canadian network in a Thursday announcement. They said the money will be used for track maintenance and infrastructure initiatives. 'Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate,' said Tracy Robinson, president and CEO of CN. CN spent approximately $84 million in the two provinces 'to support track maintenance and strategic infrastructure initiatives' in 2024. Most of the money goes toward maintenance, said the announcement, but highlights from last year included more than $5 million for a rail bridge upgrade on CN's Napadogan Subdivision in New Brunswick and approximately $4 million to improve CN's Autoport in Eastern Passage, N.S. 'These investments by CN ensure Atlantic Canada is ready to power economic growth through strong, resilient supply chains that bolster domestic and international trade,' said Rhonda Tulk-Lane, CEO of the Atlantic Chamber of Commerce. CN transports more than 300 million tons of goods throughout North America every year, said the release.
Yahoo
3 days ago
- Business
- Yahoo
CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth
MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN's railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe movement of goods and support long-term sustainable growth across CN's network in Atlantic Canada. "We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate." - Tracy Robinson, President and Chief Executive Officer of CN 'These investments by CN ensure Atlantic Canada is ready to power economic growth through strong, resilient supply chains that bolster domestic and international trade.' - Rhonda Tulk-Lane, CEO of the Atlantic Chamber of Commerce In 2024, CN invested approximately $84 million in New Brunswick and Nova Scotia to support track maintenance and strategic infrastructure initiatives. The majority of this spending supports the ongoing maintenance of CN infrastructure including rail and tie replacements, grade crossing work and structure maintenance. Highlights of last year's investment include: Over $5 million for a rail bridge upgrade on CN's Napadogan Subdivision in New Brunswick Approximately $4 million in improvements to CN's Autoport in Eastern Passage, N.S. New Brunswick in Numbers: Employees: approximately 362 Railroad route miles operated: 596 Community investments: $687,000 in 2024 Local spending: $55 million in 2024 Cash taxes paid: $18 million in 2024 Nova Scotia in Numbers: Employees: approximately 356 Railroad route miles operated: 162 Community investments: $453,000 in 2024 Local spending: $89 million in 2024 Cash taxes paid: $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@
Yahoo
3 days ago
- Business
- Yahoo
CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth
MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN's railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe movement of goods and support long-term sustainable growth across CN's network in Atlantic Canada. "We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate." - Tracy Robinson, President and Chief Executive Officer of CN 'These investments by CN ensure Atlantic Canada is ready to power economic growth through strong, resilient supply chains that bolster domestic and international trade.' - Rhonda Tulk-Lane, CEO of the Atlantic Chamber of Commerce In 2024, CN invested approximately $84 million in New Brunswick and Nova Scotia to support track maintenance and strategic infrastructure initiatives. The majority of this spending supports the ongoing maintenance of CN infrastructure including rail and tie replacements, grade crossing work and structure maintenance. Highlights of last year's investment include: Over $5 million for a rail bridge upgrade on CN's Napadogan Subdivision in New Brunswick Approximately $4 million in improvements to CN's Autoport in Eastern Passage, N.S. New Brunswick in Numbers: Employees: approximately 362 Railroad route miles operated: 596 Community investments: $687,000 in 2024 Local spending: $55 million in 2024 Cash taxes paid: $18 million in 2024 Nova Scotia in Numbers: Employees: approximately 356 Railroad route miles operated: 162 Community investments: $453,000 in 2024 Local spending: $89 million in 2024 Cash taxes paid: $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@
