CN to invest $30 million in Tennessee enabling sustainable growth, improving capacity and advancing the company’s commitment to safety

CN announced today plans to invest approximately $30 million in Tennessee in 2022. This includes investments in technology, rolling stock units and company-wide decarbonization initiatives, as well as network improvements. These investments will power sustainable growth and ensure the continued safe movement of goods in Tennessee and everywhere on CN’s transcontinental network.

“We continue to make significant investments in our network, technology, and capacity. We are building the premier railroad of the 21st century to do even more for our customers, railroaders, shareholders, and the communities in which we operate.”

- Sean Finn, Executive Vice-President, Corporate Services and Chief Legal Officer of CN

“Memphis is central to everything and at the heart of the logistics and distribution industry. As a valued partner, we count on CN to reliably transport goods and provide services that our city, state and country need.”

- Jim Strickland, Mayor of Memphis

Maintenance program highlights include:

• Installing approximately 38,000 new railroad ties;
• Rebuilding 16 road crossing surfaces; and
• Maintenance work on bridges, culverts, signal systems, and other track infrastructure

Tennessee in numbers:

• Capital investments: More than US$200 million in the last five years
• Employees: approximately 560
• Railroad route miles operated: 173
• Community partnerships: US$39,000 in 2021
• Local spending: US$23 million in 2021
• Cash taxes paid: US$7.2 million in 2021