CN invests $20M in Indiana and $30M in Tennessee to build capacity and power sustainable growth

CN to Invest $20 Million in Indiana to Build Capacity and Power Sustainable Growth

CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$20 million in Indiana in 2025, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes investments to increase capacity and upgrade rolling stock. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Indiana and across CN’s network.

“We believe that investing in our network is about building for the future. Our continued infrastructure investment in Indiana 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 leader in the rail industry, CN reflects our Hoosier values of hard work and common sense. Whether it's manufacturing or agriculture, CN plays a crucial role in driving the success of Indiana’s industries. We appreciate their continued investment in our workforce, economy, and communities.”

U.S. Congressman Rudy Yakym, Indiana’s 2nd Congressional District

In 2024, CN invested approximately US$28 million in Indiana for track maintenance and key infrastructure initiatives. Highlights from this investment includes over $2 million for projects to upgrade operations at CN’s Kirk railyard and approximately $400 000 for the purchase of equipment, including vehicles and tractors to be used in Indiana and across the network.

Indiana in Numbers:

• Capital investments: More than US$ 28 million in 2024
• Employees: approximately 419
• Railroad route miles operated: 102
• Community investments: US$ 120,000 in 2024
• Local spending: US$66 million in 2024
• Cash taxes paid: US$4.7 million in 2024

___________________________________________________________________________________________________________________________________

CN to Invest $30 Million in Tennessee to Build Capacity and Power Sustainable Growth

June 12 2025 – CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$30 million in Tennessee, as part of its 2025 capital investment program. This includes investments in infrastructure, technology, rolling stock equipment, as well as network improvements These projects will help ensure the safe movement of goods and support long-term sustainable growth in Tennessee and across CN’s network.

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

“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."

- Dan Pallme, Assistant Bureau Chief – Planning Bureau, Tennessee Department of Transportation

In 2024, CN invested approximately US$36 million in Tennessee for track maintenance and key infrastructure initiatives. Highlights of this investment include:

- Over US$7 million to support the upgrade of the locomotive fueling facility at Harrison Yard.

- More than US$1.3 million for upgrades to CN’s transload facility at its Memphis railyard

Tennessee in Numbers:

Employees: approximately 655
Railroad route miles operated: 161
Community investments: US$ 64,000 in 2024
Local spending: US$24 million in 2024
Cash taxes paid: US$8.7 million in 2024